Canada Pension Plan Investment Board Sells 1,039,136 Shares of Ventas, Inc. $VTR

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Ventas, Inc. by 65.6% during the first quarter, now holding approximately 544,534 shares valued at around $37.4 million.
• Insiders at Ventas sold a total of 266,466 shares worth approximately $17.6 million in the last 90 days, with significant sales by both the CEO and CFO.
• Ventas reported earnings of $0.87 EPS for the latest quarter, exceeding analyst expectations, and had a revenue of $1.42 billion, marking an 18.3% increase year-over-year.

Canada Pension Plan Investment Board cut its holdings in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 65.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 544,534 shares of the real estate investment trust's stock after selling 1,039,136 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of Ventas worth $37,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ventas by 3.7% during the first quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust's stock worth $4,740,422,000 after purchasing an additional 2,440,551 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Ventas by 9.5% during the first quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust's stock worth $2,224,203,000 after purchasing an additional 2,811,241 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Ventas by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,414,404 shares of the real estate investment trust's stock worth $441,056,000 after buying an additional 281,232 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Ventas by 3.1% during the first quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust's stock worth $440,230,000 after buying an additional 194,860 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ventas by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 6,338,089 shares of the real estate investment trust's stock worth $435,806,000 after buying an additional 233,639 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.

Ventas Trading Up 0.4%

NYSE VTR traded up $0.24 on Thursday, reaching $67.69. The company had a trading volume of 1,937,632 shares, compared to its average volume of 3,047,741. The firm has a market cap of $30.76 billion, a price-to-earnings ratio of 157.42, a P/E/G ratio of 2.51 and a beta of 0.87. Ventas, Inc. has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The business has a 50 day moving average of $66.40 and a two-hundred day moving average of $66.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68.

Ventas (NYSE:VTR - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%.Ventas's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. Analysts forecast that Ventas, Inc. will post 3.4 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Ventas from $72.00 to $76.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Raymond James Financial reiterated an "outperform" rating and set a $78.00 price target (up from $74.00) on shares of Ventas in a report on Friday, August 22nd. Scotiabank upped their price target on shares of Ventas from $72.00 to $74.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Argus reiterated a "buy" rating and set a $75.00 price target on shares of Ventas in a report on Tuesday, August 26th. Finally, Royal Bank Of Canada upped their price target on shares of Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.36.

Insiders Place Their Bets

In other Ventas news, CEO Debra A. Cafaro sold 10,322 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $67.80, for a total transaction of $699,831.60. Following the sale, the chief executive officer owned 1,145,695 shares of the company's stock, valued at approximately $77,678,121. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Probst sold 29,691 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the sale, the chief financial officer directly owned 168,364 shares in the company, valued at $11,531,250.36. This trade represents a 14.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 276,788 shares of company stock valued at $18,279,081 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

About Ventas

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.