Nelson Roberts Investment Advisors LLC purchased a new stake in Ventas, Inc. (NYSE:VTR) during the 4th quarter, Holdings Channel reports. The fund purchased 70,803 shares of the real estate investment trust’s stock, valued at approximately $4,088,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Citizens Financial Group Inc RI lifted its holdings in shares of Ventas by 230.5% in the third quarter. Citizens Financial Group Inc RI now owns 347 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 242 shares in the last quarter. Selective Wealth Management Inc. purchased a new stake in shares of Ventas in the third quarter valued at about $36,000. Glassman Wealth Services lifted its holdings in shares of Ventas by 438.9% in the fourth quarter. Glassman Wealth Services now owns 582 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 474 shares in the last quarter. Burt Wealth Advisors lifted its stake in shares of Ventas by 27.8% during the fourth quarter. Burt Wealth Advisors now owns 804 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 175 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ventas during the third quarter valued at approximately $63,000. 85.39% of the stock is currently owned by institutional investors.
VTR stock traded down $1.24 on Friday, hitting $53.77. 7,014,559 shares of the company were exchanged, compared to its average volume of 2,540,251. Ventas, Inc. has a twelve month low of $51.44 and a twelve month high of $75.40. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.72. The business’s fifty day moving average is $58.82 and its two-hundred day moving average is $63.97. The stock has a market capitalization of $22.18 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 5.44 and a beta of 0.19.
Several equities analysts recently issued reports on VTR shares. TheStreet downgraded shares of Ventas from a “b-” rating to a “c+” rating in a research note on Friday, November 15th. Morgan Stanley reduced their price objective on shares of Ventas from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 18th. KeyCorp reduced their price objective on shares of Ventas from $55.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 17th. Jefferies Financial Group raised shares of Ventas from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $68.00 in a research note on Thursday, January 16th. Finally, Wells Fargo & Co downgraded shares of Ventas from a “market perform” rating to an “underperform” rating and set a $56.00 price objective on the stock. in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.78.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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