Connor Clark & Lunn Investment Management Ltd. Sells 80,291 Shares of Ventas, Inc. (NYSE:VTR)

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 56.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,243 shares of the real estate investment trust's stock after selling 80,291 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Ventas were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Ventas during the 1st quarter worth approximately $25,000. Larson Financial Group LLC increased its stake in Ventas by 1,334.6% during the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 347 shares in the last quarter. Franchise Capital Ltd bought a new stake in Ventas during the 1st quarter worth approximately $32,000. Rossby Financial LCC bought a new stake in Ventas during the 1st quarter worth approximately $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Ventas during the 1st quarter worth approximately $41,000. 94.18% of the stock is owned by institutional investors.

Ventas Stock Up 0.3%

Shares of NYSE VTR traded up $0.23 during trading hours on Friday, hitting $67.76. The company had a trading volume of 3,265,003 shares, compared to its average volume of 2,625,225. Ventas, Inc. has a 1-year low of $56.68 and a 1-year high of $71.36. The firm's 50 day moving average is $65.15 and its 200-day moving average is $65.67. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $30.79 billion, a P/E ratio of 157.58, a price-to-earnings-growth ratio of 2.44 and a beta of 0.87.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. Ventas had a return on equity of 1.75% and a net margin of 3.61%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts expect that Ventas, Inc. will post 3.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

VTR has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen downgraded Ventas from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Scotiabank upped their price target on Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. raised Ventas from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $70.00 to $72.00 in a research report on Monday, June 23rd. Finally, Morgan Stanley upped their price target on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.40.

Insider Activity at Ventas

In related news, EVP Carey S. Roberts sold 23,500 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $64.23, for a total value of $1,509,405.00. Following the sale, the executive vice president owned 116,650 shares in the company, valued at approximately $7,492,429.50. This represents a 16.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Probst sold 29,691 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $68.49, for a total value of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at approximately $11,531,250.36. This trade represents a 14.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 376,932 shares of company stock worth $24,716,734. Company insiders own 0.80% of the company's stock.

Ventas 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.