Ventas, Inc. (VTR) Shares Sold by Beech Hill Advisors Inc.
Beech Hill Advisors Inc. reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,275 shares of the real estate investment trust’s stock after selling 825 shares during the period. Ventas makes up approximately 3.3% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 7th largest position. Beech Hill Advisors Inc.’s holdings in Ventas were worth $5,207,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Ventas by 67.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 21,298 shares of the real estate investment trust’s stock valued at $1,203,000 after buying an additional 8,562 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of Ventas by 20.3% in the fourth quarter. Naples Global Advisors LLC now owns 7,130 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 1,205 shares in the last quarter. British Columbia Investment Management Corp increased its stake in shares of Ventas by 26.7% in the fourth quarter. British Columbia Investment Management Corp now owns 159,610 shares of the real estate investment trust’s stock valued at $9,007,000 after buying an additional 33,614 shares in the last quarter. Cubic Asset Management LLC bought a new stake in shares of Ventas during the fourth quarter valued at about $324,000. Finally, iAB Financial Bank increased its stake in shares of Ventas by 4.5% in the fourth quarter. iAB Financial Bank now owns 20,615 shares of the real estate investment trust’s stock valued at $1,163,000 after buying an additional 890 shares in the last quarter.
Shares of Ventas, Inc. (NYSE:VTR) traded down 1.711% during midday trading on Tuesday, reaching $54.531. The company’s stock had a trading volume of 1,349,138 shares. The stock’s 50-day moving average is $55.34 and its 200 day moving average is $56.78. The stock has a market capitalization of $18.16 billion and a P/E ratio of 44.155. Ventas, Inc. has a 12 month low of $49.31 and a 12 month high of $80.01.
Several equities analysts recently weighed in on the company. BMO Capital Markets downgraded Ventas from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $59.00 to $58.00 in a research report on Thursday, January 14th. Zacks Investment Research upgraded Ventas from a “sell” rating to a “hold” rating in a research report on Monday, January 11th. Barclays assumed coverage on Ventas in a research report on Wednesday, January 6th. They set an “equal weight” rating and a $59.00 target price on the stock. Deutsche Bank reduced their target price on Ventas from $60.00 to $57.00 and set a “hold” rating on the stock in a research report on Tuesday, January 5th. Finally, Evercore ISI reduced their target price on Ventas from $59.00 to $56.00 and set a “hold” rating on the stock in a research report on Monday, November 16th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.27.
In other news, EVP John D. Cobb sold 2,700 shares of Ventas stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $55.66, for a total transaction of $150,282.00. Following the transaction, the executive vice president now owns 59,253 shares in the company, valued at $3,298,021.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Ventas, Inc. is a real estate investment trust (NYSE:VTR). The Company has a portfolio of seniors housing and healthcare properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. The triple-net leased properties segment invests in seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses. The senior living operations segment invests in seniors housing communities throughout the United States and Canada and engages independent operators, such as Atria and Sunrise, to manage those communities. The MOB operations segment, acquires, owns, develops, leases, and manages MOBs throughout the United States. It invests in seniors housing and healthcare properties.

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