Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in Ventas, Inc. (NYSE:VTR)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Ventas, Inc. (NYSE:VTR) by 3.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 114,291 shares of the real estate investment trust’s stock after purchasing an additional 3,376 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ventas were worth $5,859,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VTR. Norges Bank purchased a new position in Ventas in the fourth quarter valued at $231,512,000. Waterfront Capital Partners LLC purchased a new position in Ventas in the fourth quarter valued at $50,967,000. Centersquare Investment Management LLC increased its holdings 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 increased 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 valued at $74,091,000 after buying an additional 588,818 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Ventas by 209.4% in the fourth quarter. Franklin Resources Inc. now owns 754,662 shares of the real estate investment trust’s stock valued at $37,612,000 after buying 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 related news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm’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 completion of the sale, the chief executive officer now owns 104,295 shares in the company, valued at $5,761,255.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm’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 completion of the sale, the chief executive officer now owns 104,295 shares in the company, valued at $5,761,255.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the sale, the chief financial officer now owns 156,403 shares of the company’s stock, valued at approximately $9,207,444.61. The disclosure for this sale can be found here. Insiders sold a total of 64,238 shares of company stock worth $3,705,058 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Ventas Trading Up 1.6 %

Shares of VTR opened at $62.11 on Friday. Ventas, Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $62.31. The firm has a 50-day simple moving average of $55.26 and a 200-day simple moving average of $48.88. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36.

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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. Ventas’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts forecast that Ventas, Inc. will post 3.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th. Evercore ISI raised their price objective on Ventas from $61.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company raised their price objective on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, Royal Bank of Canada raised their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ventas presently has an average rating of “Moderate Buy” and an average target price of $55.50.

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.