Morningstar Investment Services LLC trimmed its position in Ventas, Inc. (NYSE:VTR) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 391,134 shares of the real estate investment trust’s stock after selling 25,712 shares during the period. Morningstar Investment Services LLC owned about 0.10% of Ventas worth $14,355,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Ventas in the 1st quarter worth approximately $5,368,000. Ellevest Inc. lifted its stake in Ventas by 85.3% in the 2nd quarter. Ellevest Inc. now owns 691 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 318 shares in the last quarter. Trust Co. of Vermont lifted its stake in Ventas by 289.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,168 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 868 shares in the last quarter. CWM Advisors LLC purchased a new position in Ventas in the 1st quarter worth approximately $35,000. Finally, Private Capital Group LLC lifted its stake in Ventas by 43.2% in the 1st quarter. Private Capital Group LLC now owns 1,307 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 394 shares in the last quarter. Institutional investors own 88.11% of the company’s stock.
VTR traded down $0.17 on Friday, hitting $38.36. 5,881,270 shares of the company were exchanged, compared to its average volume of 2,678,651. The firm has a 50-day moving average price of $36.67 and a two-hundred day moving average price of $40.22. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 1.32. Ventas, Inc. has a twelve month low of $13.35 and a twelve month high of $75.40. The company has a market cap of $14.31 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 4.02 and a beta of 1.07.
VTR has been the topic of several analyst reports. Deutsche Bank reduced their price target on shares of Ventas from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Mizuho reduced their price target on shares of Ventas from $60.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Co lifted their price target on shares of Ventas from $29.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, June 19th. ValuEngine raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Barclays reaffirmed a “hold” rating and set a $30.00 price target on shares of Ventas in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.53.
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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