New Wave Wealth Advisors LLC Takes Position in Ventas, Inc. (NYSE:VTR)

New Wave Wealth Advisors LLC acquired a new stake in Ventas, Inc. (NYSE:VTR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 700 shares of the real estate investment trust’s stock, valued at approximately $41,000.

Several other institutional investors have also modified their holdings of VTR. ST Germain D J Co. Inc. purchased a new position in Ventas in the fourth quarter valued at $27,000. Harbor Capital Advisors Inc. increased its holdings in shares of Ventas by 66.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 210 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in shares of Ventas in the 3rd quarter valued at about $48,000. Morse Asset Management Inc acquired a new stake in shares of Ventas during the 3rd quarter worth about $64,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Ventas during the fourth quarter worth approximately $67,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VTR has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Ventas from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $66.00 to $65.00 in a research note on Friday, January 17th. Baird R W upgraded shares of Ventas from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Mizuho cut their target price on Ventas from $71.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Wedbush reissued an “outperform” rating and issued a $75.00 target price on shares of Ventas in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $68.71.

Ventas Price Performance

Shares of VTR opened at $60.36 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The firm has a 50-day simple moving average of $60.01 and a 200-day simple moving average of $60.90. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of -355.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.37.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. Ventas’s payout ratio is -1,058.82%.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.