Sumitomo Mitsui Trust Holdings Inc. Sells 138,985 Shares of Ventas, Inc. (NYSE:VTR)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of Ventas, Inc. (NYSE:VTR) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441,174 shares of the real estate investment trust’s stock after selling 138,985 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ventas were worth $73,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Ventas during the fourth quarter worth $231,512,000. Waterfront Capital Partners LLC acquired a new position in Ventas during the 4th quarter valued at about $50,967,000. Centersquare Investment Management LLC raised its stake in Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after buying an additional 802,546 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Ventas by 65.6% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,486,572 shares of the real estate investment trust’s stock worth $74,091,000 after acquiring an additional 588,818 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Ventas by 209.4% during the fourth quarter. Franklin Resources Inc. now owns 754,662 shares of the real estate investment trust’s stock worth $37,612,000 after acquiring an additional 510,718 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Activity at Ventas

In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now directly owns 104,295 shares in the company, valued at approximately $5,761,255.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ventas news, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction on 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 sale, the chief financial officer now owns 156,403 shares in the company, valued at $9,207,444.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,863 shares of company stock valued at $3,682,554. 1.00% of the stock is owned by company insiders.

Ventas Price Performance

NYSE:VTR traded up $0.38 during trading hours on Friday, hitting $58.42. 1,913,382 shares of the stock were exchanged, compared to its average volume of 2,322,508. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36. The firm’s fifty day moving average price is $53.28 and its 200 day moving average price is $47.90. The company has a market cap of $24.14 billion, a P/E ratio of -307.46, a P/E/G ratio of 2.61 and a beta of 1.33. Ventas, Inc. has a 52-week low of $39.33 and a 52-week high of $59.82.

Ventas (NYSE:VTR) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, equities research analysts anticipate that Ventas, Inc. will post 3.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VTR. Royal Bank of Canada increased their price objective on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Scotiabank lifted their price objective on shares of Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush boosted their price objective on shares of Ventas from $54.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wolfe Research upgraded Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Evercore ISI boosted their price target on Ventas from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.31.

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.