Activist investor Land & Buildings said to nominate founder Litt to Ventas board

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• Activist investor Land & Buildings is said to nominate founder Jonathan Litt to the board of senior housing REIT Ventas Inc. (NYSE:VTR).
• Land & Buildings owns about $50M of Ventas (VTR) shares, according a WSJ report, which cites a letter the investor plans to send to the Ventas board. The real-estate focused activist owns less than 1% of the company, which has a market cap of $22.6B.
• Land & Buildings argued that Ventas has underperformed its peer, including its closest competitor Welltower (NYSE:WELL), over the last decade and the trend will continue until the REITs investor communications improve and there's better capital allocation, the WSJ said, citing the letter.
• Ventas (VTR) shares are largely unchanged over the past year, while Welltower stock has gained 21%.
• Ventas (VTR) is scheduled to present at the Citi 2022 Global Property CEO Conference on Monday.

Comments

[123AL]

Is this what moving to stock price up recently? There should be something else !

[porky11]

$50M gets you a seat on the board of a 22B company?

[Kevin Mackie]

Wait! How could this be?! Brad Thomas rated this Strong Buy, a SWAN. No way it could underperform……

[johnnybaiamonte]

No interest in another Activist investor wanting a seat BC the stock hasn't performed. SELL