American Century Companies Inc. trimmed its stake in Ventas, Inc. (NYSE:VTR) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 900,532 shares of the real estate investment trust’s stock after selling 288,359 shares during the period. American Century Companies Inc. owned about 0.25% of Ventas worth $58,652,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Cribstone Capital Management LLC grew its holdings in shares of Ventas by 1.5% during the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 28 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Ventas by 48.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 650 shares during the last quarter. Cable Hill Partners LLC bought a new stake in shares of Ventas during the third quarter worth $174,000. Northern Capital Management LLC bought a new stake in shares of Ventas during the second quarter worth $202,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of Ventas during the second quarter worth $203,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.
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Ventas, Inc. (NYSE:VTR) opened at $64.91 on Friday. Ventas, Inc. has a one year low of $57.95 and a one year high of $72.36. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $23,118.61, a PE ratio of 15.57, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08.
Ventas (NYSE:VTR) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The company had revenue of $899.90 million during the quarter, compared to analyst estimates of $893.18 million. During the same period in the previous year, the company posted $1.03 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. equities research analysts expect that Ventas, Inc. will post 4.15 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Bank of America Corporation cut Ventas from a “buy” rating to a “neutral” rating and decreased their price target for the company from $72.00 to $71.00 in a report on Friday, September 22nd. BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Capital One Financial Corporation assumed coverage on Ventas in a report on Monday, September 25th. They issued an “equal weight” rating and a $69.00 price target on the stock. SunTrust Banks, Inc. set a $67.00 price target on Ventas and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Ventas has a consensus rating of “Hold” and an average target price of $64.20.
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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