MML Investors Services LLC grew its holdings in Ventas, Inc. (NYSE:VTR) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,076 shares of the real estate investment trust’s stock after acquiring an additional 611 shares during the quarter. MML Investors Services LLC’s holdings in Ventas were worth $4,653,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cornerstone Advisors Inc. increased its holdings in shares of Ventas by 88.9% in the first quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 184 shares in the last quarter. Kavar Capital Partners LLC acquired a new position in shares of Ventas during the second quarter worth about $27,000. Gradient Investments LLC boosted its position in shares of Ventas by 1,007.7% during the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 393 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Ventas during the second quarter worth about $12,440,000. Finally, Marino Stram & Associates LLC acquired a new position in shares of Ventas during the first quarter worth about $33,000. Institutional investors own 87.74% of the company’s stock.
Shares of NYSE VTR traded down $1.28 during midday trading on Friday, reaching $69.89. The company’s stock had a trading volume of 1,498,679 shares, compared to its average volume of 1,569,112. Ventas, Inc. has a 12-month low of $51.80 and a 12-month high of $75.40. The firm has a 50 day moving average price of $71.45 and a 200-day moving average price of $66.22. The stock has a market capitalization of $26.52 billion, a P/E ratio of 17.17, a PEG ratio of 5.91 and a beta of 0.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67.
In other news, EVP T Richard Riney sold 29,702 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the completion of the sale, the executive vice president now directly owns 163,488 shares in the company, valued at $11,517,729.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Cobb sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $72.54, for a total transaction of $725,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,782 shares of company stock worth $7,518,149. Insiders own 1.40% of the company’s stock.
Several research analysts have recently weighed in on VTR shares. BMO Capital Markets reaffirmed a “hold” rating and set a $73.00 price objective on shares of Ventas in a research report on Monday, July 29th. Royal Bank of Canada upped their price objective on Ventas to $71.00 and gave the stock an “in-line” rating in a research report on Thursday, June 20th. Citigroup raised Ventas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $76.00 in a research report on Wednesday, June 19th. Mitsubishi UFJ Financial Group increased their price target on Ventas to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, June 19th. Finally, Berenberg Bank started coverage on Ventas in a research report on Thursday. They set a “hold” rating and a $72.00 price target for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. Ventas currently has an average rating of “Hold” and a consensus price target of $67.58.
Ventas Company Profile
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.
See Also: Hedge Funds – Risk or Reward?
Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).
Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.