CIBC Asset Management Inc Sells 3,073 Shares of Ventas, Inc. (VTR)

CIBC Asset Management Inc lessened its holdings in Ventas, Inc. (NYSE:VTR) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,710 shares of the real estate investment trust’s stock after selling 3,073 shares during the quarter. CIBC Asset Management Inc’s holdings in Ventas were worth $3,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Advisors LLC boosted its stake in shares of Ventas by 5,960.6% in the 2nd quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,967 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Ventas by 591.7% in the 2nd quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Ventas by 354.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 2,341 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Ventas by 83.9% in the 2nd quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Ventas in the 2nd quarter valued at about $188,000. 84.54% of the stock is currently owned by institutional investors.

In related news, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $60.00, for a total transaction of $822,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of Ventas from an “outperform” rating to a “sector perform” rating and set a $59.00 target price on the stock. in a research note on Friday, November 2nd. JPMorgan Chase & Co. assumed coverage on shares of Ventas in a research note on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 target price on the stock. TheStreet lowered shares of Ventas from a “b” rating to a “c+” rating in a research note on Friday, October 26th. Stifel Nicolaus set a $55.00 target price on shares of Ventas and gave the company a “hold” rating in a research note on Monday, October 29th. Finally, ValuEngine raised shares of Ventas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $55.46.

Ventas stock opened at $59.51 on Friday. Ventas, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $65.72. The company has a market cap of $21.01 billion, a P/E ratio of 14.31, a PEG ratio of 4.37 and a beta of -0.02. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.56 and a current ratio of 0.56.

Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. Ventas had a net margin of 19.90% and a return on equity of 4.56%. The business had revenue of $936.54 million for the quarter, compared to analyst estimates of $920.19 million. During the same quarter last year, the firm earned $1.71 EPS. Ventas’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts expect that Ventas, Inc. will post 4.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, October 1st were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.31%. The ex-dividend date was Friday, September 28th. Ventas’s payout ratio is 75.96%.

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About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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