Ventas, Inc. (NYSE:VTR) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a report issued on Thursday, StockTargetPrices.com reports. They presently have a $60.00 price target on the real estate investment trust’s stock. Goldman Sachs’ target price suggests a potential downside of 1.94% from the stock’s previous close.
A number of institutional investors have recently added to or reduced their stakes in the stock. Decatur Capital Management Inc. increased its position in Ventas by 68.2% in the fourth quarter. Decatur Capital Management Inc. now owns 196,100 shares of the real estate investment trust’s stock valued at $11,066,000 after buying an additional 79,525 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Ventas by 28.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 48,368 shares of the real estate investment trust’s stock worth $2,729,000 after buying an additional 10,656 shares during the period. Clean Yield Group boosted its stake in shares of Ventas by 16.6% in the fourth quarter. Clean Yield Group now owns 87,867 shares of the real estate investment trust’s stock worth $4,901,000 after buying an additional 12,518 shares during the period. ProVise Management Group LLC boosted its stake in shares of Ventas by 70.1% in the fourth quarter. ProVise Management Group LLC now owns 30,448 shares of the real estate investment trust’s stock worth $1,718,000 after buying an additional 12,553 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in shares of Ventas by 42.6% in the fourth quarter. Wedbush Securities Inc. now owns 43,931 shares of the real estate investment trust’s stock worth $2,479,000 after buying an additional 13,122 shares during the period.
Source: American Banking and Market News