NEOS Investment Management LLC increased its holdings in shares of Ventas, Inc. (NYSE:VTR – Free Report) by 16.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 174,633 shares of the real estate investment trust’s stock after buying an additional 24,150 shares during the period. NEOS Investment Management LLC’s holdings in Ventas were worth $15,507,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Ventas in the second quarter valued at approximately $4,953,439,000. Capital World Investors acquired a new stake in shares of Ventas during the 4th quarter worth approximately $594,116,000. Norges Bank acquired a new stake in shares of Ventas during the 4th quarter worth approximately $474,571,000. Legal & General Group Plc bought a new stake in shares of Ventas in the 2nd quarter worth approximately $501,850,000. Finally, Deutsche Bank AG bought a new stake in shares of Ventas in the 2nd quarter worth approximately $451,822,000. Institutional investors own 94.18% of the company’s stock.
Ventas Trading Down 2.0%
Shares of Ventas stock opened at $90.27 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. The firm has a market cap of $46.30 billion, a price-to-earnings ratio of 167.17, a price-to-earnings-growth ratio of 3.59 and a beta of 0.70. The business has a fifty day simple moving average of $92.94 and a 200-day simple moving average of $87.82. Ventas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $101.60.
Wall Street Analysts Forecast Growth
VTR has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $110.00 target price on shares of Ventas in a research note on Tuesday, May 19th. Wells Fargo & Company increased their price objective on shares of Ventas from $96.00 to $104.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets lifted their price objective on shares of Ventas from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Mizuho boosted their target price on shares of Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Barclays upped their target price on shares of Ventas from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.
Read Our Latest Stock Report on VTR
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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