Canada Pension Plan Investment Board Raises Position in Ventas, Inc. (VTR)
Canada Pension Plan Investment Board increased its stake in shares of Ventas, Inc. (NYSE:VTR) by 6.4% during the second quarter, Holdings Channel reports. The fund owned 723,138 shares of the real estate investment trust’s stock after buying an additional 43,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Ventas were worth $50,244,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock valued at $2,376,145,000 after buying an additional 35,049,052 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in Ventas by 1,760.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock valued at $177,555,000 after buying an additional 2,583,233 shares during the last quarter. Vanguard Group Inc. boosted its position in Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock valued at $3,318,724,000 after buying an additional 1,110,305 shares during the last quarter. Hexavest Inc. bought a new position in Ventas during the first quarter valued at $69,903,000. Finally, APG Asset Management US Inc. boosted its position in Ventas by 4.4% in the first quarter. APG Asset Management US Inc. now owns 14,140,351 shares of the real estate investment trust’s stock valued at $919,688,000 after buying an additional 595,000 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Ventas, Inc. (NYSE VTR) opened at 64.80 on Friday. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 32.83 and a beta of 0.07. The company’s 50-day moving average is $68.06 and its 200 day moving average is $65.23. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $75.16.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same period last year, the firm posted $0.42 EPS. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ventas, Inc. will post $1.84 earnings per share for the current year.
VTR has been the subject of several research reports. BidaskClub cut shares of Ventas from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Jefferies Group LLC boosted their price objective on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a report on Monday, May 1st. Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective for the company. Finally, Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $65.13.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the transaction, the chairman now directly owns 819,835 shares of the company’s stock, valued at approximately $56,666,995.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
Ventas Company Profile
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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