Canada Pension Plan Investment Board Purchases 7,585 Shares of Ventas, Inc. (NYSE:VTR)

Canada Pension Plan Investment Board grew its position in Ventas, Inc. (NYSE:VTR) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,756,752 shares of the real estate investment trust’s stock after acquiring an additional 7,585 shares during the quarter. Canada Pension Plan Investment Board owned 0.43% of Ventas worth $90,051,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Ventas by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 5,292 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 234 shares during the period. QRG Capital Management Inc. boosted its holdings in Ventas by 1.1% during the first quarter. QRG Capital Management Inc. now owns 24,383 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 258 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Ventas by 1.0% in the 2nd quarter. Dakota Wealth Management now owns 33,717 shares of the real estate investment trust’s stock valued at $1,728,000 after purchasing an additional 322 shares during the period. Czech National Bank raised its holdings in shares of Ventas by 0.5% in the 1st quarter. Czech National Bank now owns 70,799 shares of the real estate investment trust’s stock worth $3,083,000 after buying an additional 325 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Ventas by 1.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,863 shares of the real estate investment trust’s stock worth $1,018,000 after buying an additional 347 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.

Insider Activity at Ventas

In related news, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the transaction, the chief executive officer now directly owns 90,795 shares of the company’s stock, valued at $5,900,767.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the transaction, the chief executive officer now directly owns 90,795 shares in the company, valued at approximately $5,900,767.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the transaction, the chief financial officer now owns 156,403 shares of the company’s stock, valued at approximately $9,207,444.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,065 shares of company stock valued at $4,526,464. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VTR shares. Royal Bank of Canada increased their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Evercore ISI boosted their price target on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Scotiabank lifted their target price on shares of Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wedbush raised their price target on Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.90.

Ventas Trading Down 0.0 %

VTR opened at $62.17 on Friday. The firm’s fifty day simple moving average is $58.91 and its 200 day simple moving average is $50.96. The stock has a market capitalization of $25.16 billion, a P/E ratio of -327.21, a P/E/G ratio of 2.87 and a beta of 1.36. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. Ventas, Inc. has a 12 month low of $39.33 and a 12 month high of $65.64.

Ventas (NYSE:VTR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. As a group, research analysts anticipate that Ventas, Inc. will post 3.18 EPS for the current fiscal year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, October 1st. Ventas’s payout ratio is -947.37%.

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.