Canada Pension Plan Investment Board Makes New $387.75 Million Investment in Ventas, Inc. $VTR

Canada Pension Plan Investment Board purchased a new stake in Ventas, Inc. (NYSE:VTR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,366,528 shares of the real estate investment trust’s stock, valued at approximately $387,748,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VTR. BlackRock Inc. acquired a new position in Ventas in the 2nd quarter worth $4,953,439,000. Capital World Investors acquired a new stake in shares of Ventas in the 4th quarter valued at about $594,116,000. Norges Bank acquired a new stake in shares of Ventas in the 4th quarter valued at about $474,571,000. Legal & General Group Plc bought a new stake in Ventas in the 2nd quarter valued at approximately $501,850,000. Finally, Deutsche Bank AG acquired a new position in Ventas during the second quarter worth $451,822,000. Institutional investors and hedge funds own 94.18% of the company’s stock.

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Insider Transactions at Ventas

In other news, Director Michael J. Embler bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average cost of $78.81 per share, for a total transaction of $197,025.00. Following the purchase, the director owned 19,202 shares of the company’s stock, valued at approximately $1,513,309.62. This trade represents a 14.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VTR shares. Mizuho lifted their price target on shares of Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Ventas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. BMO Capital Markets raised their price objective on Ventas from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. KeyCorp lifted their target price on Ventas from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Barclays initiated coverage on Ventas in a report on Tuesday, July 7th. They set an “equal weight” rating and a $99.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ventas has an average rating of “Moderate Buy” and an average target price of $98.00.

Read Our Latest Report on Ventas

Ventas Stock Performance

NYSE VTR opened at $93.84 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average price is $91.76 and its two-hundred day moving average price is $87.38. Ventas, Inc. has a 1 year low of $66.38 and a 1 year high of $101.60. The firm has a market capitalization of $48.14 billion, a P/E ratio of 173.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.69.

Ventas (NYSE:VTR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, research analysts anticipate that Ventas, Inc. will post 3.89 EPS for the current year.

About Ventas

(Free Report)

Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.

Ventas’ business model combines property ownership with active asset management and capital markets activity.

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