HighTower Advisors LLC Has $5.10 Million Holdings in Ventas, Inc. $VTR

HighTower Advisors LLC cut its holdings in shares of Ventas, Inc. (NYSE:VTR) by 29.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,466 shares of the real estate investment trust’s stock after selling 23,901 shares during the period. HighTower Advisors LLC’s holdings in Ventas were worth $5,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTR. Angeles Wealth Management LLC raised its position in shares of Ventas by 3.3% during the second quarter. Angeles Wealth Management LLC now owns 3,439 shares of the real estate investment trust’s stock worth $307,000 after purchasing an additional 110 shares during the period. IHT Wealth Management LLC grew its position in shares of Ventas by 3.2% in the 4th quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 137 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Ventas by 1.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust’s stock valued at $1,054,000 after purchasing an additional 148 shares during the period. Parallel Advisors LLC grew its position in shares of Ventas by 4.6% in the 3rd quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 175 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Ventas by 60.5% during the 4th quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 185 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank raised their target price on shares of Ventas from $93.00 to $95.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 2nd. Raymond James Financial started coverage on shares of Ventas in a report on Tuesday, June 16th. They issued an “outperform” rating and a $94.00 price target for the company. BMO Capital Markets increased their price objective on shares of Ventas from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group restated a “buy” rating and set a $110.00 price objective on shares of Ventas in a report on Tuesday, May 19th. Finally, Mizuho boosted their price objective on shares of Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ventas has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Ventas Stock Up 1.3%

Shares of Ventas stock opened at $90.50 on Friday. The firm has a market cap of $46.42 billion, a PE ratio of 167.60, a P/E/G ratio of 3.49 and a beta of 0.70. The business’s 50 day simple moving average is $92.94 and its 200 day simple moving average is $87.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. Ventas, Inc. has a 52-week low of $66.54 and a 52-week high of $101.60.

Ventas (NYSE:VTR) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, analysts predict that Ventas, Inc. will post 3.89 earnings per share for the current fiscal year.

About Ventas

Ventas, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of healthcare and senior living properties. Its real estate platform includes senior housing communities, medical office buildings, life science and innovation centers, and other healthcare-related facilities.

The company generally leases or operates its properties through relationships with healthcare providers, senior living operators, universities, and research institutions. Its properties support services such as independent and assisted living, skilled nursing, outpatient care, physician practices, medical research, and biotechnology development.

Ventas serves major healthcare and life science markets in the United States and Canada.