Ventas, Inc. (NYSE:VTR) issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60), MarketWatch Earnings reports. The company had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Ventas updated its FY17 guidance to 4.13-4.16 EPS.
Ventas (NYSE VTR) opened at $64.91 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.46 and a current ratio of 1.46. Ventas has a 52-week low of $57.95 and a 52-week high of $72.36. The stock has a market capitalization of $23,082.98, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 4.18 and a beta of 0.08.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in Ventas by 9.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,567,730 shares of the real estate investment trust’s stock worth $102,106,000 after purchasing an additional 131,967 shares during the period. Zeke Capital Advisors LLC increased its position in Ventas by 134.7% during the 3rd quarter. Zeke Capital Advisors LLC now owns 7,066 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 4,055 shares during the period. Amalgamated Bank boosted its stake in shares of Ventas by 3.1% during the 3rd quarter. Amalgamated Bank now owns 40,720 shares of the real estate investment trust’s stock worth $2,652,000 after acquiring an additional 1,215 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of Ventas by 26.3% during the 3rd quarter. Cadence Capital Management LLC now owns 26,873 shares of the real estate investment trust’s stock worth $1,750,000 after acquiring an additional 5,601 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Ventas by 33.4% during the 3rd quarter. Schroder Investment Management Group now owns 104,188 shares of the real estate investment trust’s stock worth $6,815,000 after acquiring an additional 26,108 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.
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VTR has been the topic of several research reports. Capital One Financial Corporation upgraded Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. BMO Capital Markets set a $62.00 price target on Ventas and gave the company a “sell” rating in a report on Friday, October 27th. KeyCorp reissued a “sell” rating and set a $55.00 target price on shares of Ventas in a research note on Sunday, September 17th. BidaskClub cut Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, UBS AG dropped their price objective on Ventas from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $64.20.
Ventas Company Profile
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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