State Board of Administration of Florida Retirement System Cuts Stake in Ventas, Inc. (NYSE:VTR)


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State Board of Administration of Florida Retirement System reduced its stake in shares of Ventas, Inc. (NYSE:VTR) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,241 shares of the real estate investment trust’s stock after selling 4,842 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.15% of Ventas worth $26,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of Ventas by 700.0% in the third quarter. Principal Financial Group Inc. now owns 5,428,706 shares of the real estate investment trust’s stock valued at $227,788,000 after purchasing an additional 4,750,131 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Ventas by 126.9% in the third quarter. Daiwa Securities Group Inc. now owns 8,443,935 shares of the real estate investment trust’s stock valued at $354,307,000 after purchasing an additional 4,723,283 shares in the last quarter. FMR LLC grew its holdings in shares of Ventas by 24.8% in the fourth quarter. FMR LLC now owns 15,796,628 shares of the real estate investment trust’s stock valued at $774,666,000 after purchasing an additional 3,135,110 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ventas by 2.4% in the fourth quarter. BlackRock Inc. now owns 36,893,877 shares of the real estate investment trust’s stock valued at $1,809,276,000 after purchasing an additional 861,916 shares in the last quarter. Finally, Aew Capital Management L P purchased a new position in shares of Ventas in the third quarter valued at $35,251,000. 90.54% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Debra A. Cafaro sold 18,076 shares of the business’s stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $47.05, for a total transaction of $850,475.80. Following the sale, the chief executive officer now owns 735,615 shares in the company, valued at $34,610,685.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.16% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the company. Morgan Stanley raised their price target on Ventas from $39.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Friday, December 11th. KeyCorp lifted their target price on Ventas from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, November 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Ventas from $35.00 to $50.00 in a research report on Tuesday, December 15th. Raymond James lifted their target price on Ventas from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 8th. Finally, BMO Capital Markets downgraded Ventas from a “market perform” rating to an “underperform” rating and set a $49.00 target price for the company. in a research report on Thursday, January 7th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Ventas has an average rating of “Hold” and an average target price of $44.89.

VTR opened at $54.18 on Tuesday. The business’s 50-day moving average is $48.56 and its two-hundred day moving average is $45.75. Ventas, Inc. has a 1 year low of $13.35 and a 1 year high of $63.33. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $20.29 billion, a PE ratio of 49.25, a price-to-earnings-growth ratio of 4.34 and a beta of 1.06.

Ventas (NYSE:VTR) last posted its earnings results on Thursday, February 18th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.44). Ventas had a net margin of 10.49% and a return on equity of 3.88%. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, sell-side analysts expect that Ventas, Inc. will post 3.17 EPS for the current year.

About Ventas

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

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Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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