Strategic Wealth Partners Ltd. reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 35.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 858 shares of the real estate investment trust’s stock after selling 461 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Ventas were worth $58,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in VTR. Cornerstone Advisors Inc. grew its position in Ventas by 88.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Kavar Capital Partners LLC purchased a new position in Ventas during the 2nd quarter worth $27,000. Gradient Investments LLC grew its position in Ventas by 1,007.7% during the 2nd quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 393 shares during the last quarter. Heritage Wealth Advisors grew its position in Ventas by 59.3% during the 1st quarter. Heritage Wealth Advisors now owns 478 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 178 shares during the last quarter. Finally, Investors Research Corp purchased a new position in Ventas during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Shares of NYSE:VTR traded down $0.67 during midday trading on Friday, hitting $71.99. The stock had a trading volume of 1,110,234 shares, compared to its average volume of 1,787,037. The company has a market capitalization of $27.07 billion, a PE ratio of 17.69, a P/E/G ratio of 5.97 and a beta of 0.27. The stock has a 50 day moving average price of $69.65 and a two-hundred day moving average price of $65.34. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.94. Ventas, Inc. has a 1 year low of $51.80 and a 1 year high of $73.75.
In other news, EVP John D. Cobb sold 10,000 shares of Ventas stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $72.54, for a total value of $725,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Debra A. Cafaro sold 68,084 shares of Ventas stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.54, for a total transaction of $4,530,309.36. Following the completion of the sale, the chairman now directly owns 805,835 shares in the company, valued at approximately $53,620,260.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,866 shares of company stock worth $12,048,458. Insiders own 1.40% of the company’s stock.
Several research analysts have issued reports on the stock. Bank of America reissued a “neutral” rating and set a $72.50 price objective (up from $67.00) on shares of Ventas in a research report on Friday, June 21st. Royal Bank of Canada raised their price objective on shares of Ventas to $71.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. BMO Capital Markets reissued a “hold” rating and set a $73.00 price objective on shares of Ventas in a research report on Monday, July 29th. Finally, Citigroup raised shares of Ventas from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $76.00 in a research report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Ventas presently has a consensus rating of “Hold” and an average target price of $66.59.
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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