Canada Pension Plan Investment Board Sells 191,100 Shares of Ventas, Inc. (VTR)
Canada Pension Plan Investment Board decreased its position in shares of Ventas, Inc. (NYSE:VTR) by 26.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,038 shares of the real estate investment trust’s stock after selling 191,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.15% of Ventas worth $34,652,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cable Hill Partners LLC acquired a new stake in shares of Ventas during the 3rd quarter valued at $174,000. Linscomb & Williams Inc. lifted its holdings in Ventas by 2.1% during the 3rd quarter. Linscomb & Williams Inc. now owns 49,285 shares of the real estate investment trust’s stock worth $3,210,000 after buying an additional 1,016 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Ventas during the 3rd quarter worth about $1,964,000. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Ventas by 419.6% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 386,528 shares of the real estate investment trust’s stock worth $25,174,000 after buying an additional 312,139 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Ventas during the 3rd quarter worth about $293,000. 89.09% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. KeyCorp reaffirmed a “sell” rating and set a $55.00 target price on shares of Ventas in a report on Sunday, September 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Bank of America Corporation downgraded Ventas from a “buy” rating to a “neutral” rating and cut their target price for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Finally, BidaskClub raised Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.20.
Ventas, Inc. (VTR) opened at $64.10 on Monday. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $72.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $22,830.10, a PE ratio of 15.37, a PEG ratio of 4.14 and a beta of 0.08.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). Ventas had a return on equity of 6.34% and a net margin of 32.96%. The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $893.18 million. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. research analysts predict that Ventas, Inc. will post 4.15 earnings per share for the current year.
Ventas, Inc is a real estate investment trust (REIT) with its 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 office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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