CIBC Asset Management Inc Reduces Holdings in Ventas, Inc. (VTR)

CIBC Asset Management Inc trimmed its position in Ventas, Inc. (NYSE:VTR) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,404 shares of the real estate investment trust’s stock after selling 1,306 shares during the period. CIBC Asset Management Inc’s holdings in Ventas were worth $4,184,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Global Financial Private Capital LLC boosted its position in Ventas by 5.2% in the fourth quarter. Global Financial Private Capital LLC now owns 162,171 shares of the real estate investment trust’s stock worth $9,508,000 after purchasing an additional 8,028 shares during the last quarter. Atlas Capital Advisors LLC purchased a new position in Ventas in the fourth quarter worth about $56,000. Jefferies Group LLC purchased a new position in Ventas in the third quarter worth about $2,142,000. Nordea Investment Management AB purchased a new position in Ventas in the third quarter worth about $1,077,000. Finally, Valeo Financial Advisors LLC boosted its position in Ventas by 26.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 5,802 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 1,203 shares during the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.

Get Ventas alerts:

Several research analysts have issued reports on VTR shares. Zacks Investment Research cut Ventas from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine raised Ventas from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. KeyCorp set a $55.00 price objective on Ventas and gave the stock a “sell” rating in a research note on Thursday, December 20th. Scotiabank initiated coverage on Ventas in a research note on Monday, December 10th. They issued a “sector perform” rating and a $66.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on Ventas from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and a consensus price target of $59.00.

In related news, Chairman Debra A. Cafaro sold 68,084 shares of Ventas stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $64.09, for a total transaction of $4,363,503.56. Following the sale, the chairman now owns 805,835 shares of the company’s stock, valued at approximately $51,645,965.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Probst sold 10,000 shares of Ventas stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $63.31, for a total value of $633,100.00. Following the sale, the chief financial officer now directly owns 100,064 shares in the company, valued at approximately $6,335,051.84. The disclosure for this sale can be found here. Insiders sold 88,084 shares of company stock worth $5,646,704 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

NYSE VTR opened at $61.84 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.53. Ventas, Inc. has a 52 week low of $46.55 and a 52 week high of $65.70. The stock has a market capitalization of $22.91 billion, a PE ratio of 15.19, a P/E/G ratio of 5.05 and a beta of 0.33.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, February 8th. The real estate investment trust reported $0.96 EPS for the quarter, topping the consensus estimate of $0.95 by $0.01. Ventas had a return on equity of 3.54% and a net margin of 10.93%. The firm had revenue of $923.26 million for the quarter, compared to the consensus estimate of $913.92 million. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Ventas, Inc. will post 3.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be paid a $0.7925 dividend. This represents a $3.17 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Friday, March 29th. Ventas’s dividend payout ratio (DPR) is currently 77.89%.

TRADEMARK VIOLATION WARNING: This article was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/4205876/cibc-asset-management-inc-reduces-holdings-in-ventas-inc-vtr.html.

About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.

Read More: What is Depreciation?

Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR).