Adelante Capital Management LLC lessened its holdings in shares of Ventas, Inc. (NYSE:VTR) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,740 shares of the real estate investment trust’s stock after selling 31,660 shares during the period. Ventas comprises 1.2% of Adelante Capital Management LLC’s holdings, making the stock its 25th largest holding. Adelante Capital Management LLC owned 0.10% of Ventas worth $22,648,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Good Life Advisors LLC lifted its holdings in shares of Ventas by 0.8% during the 2nd quarter. Good Life Advisors LLC now owns 4,023 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 31 shares during the period. First Allied Advisory Services Inc. lifted its holdings in shares of Ventas by 0.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,612 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 47 shares during the period. iAB Financial Bank lifted its holdings in shares of Ventas by 0.3% during the 2nd quarter. iAB Financial Bank now owns 19,975 shares of the real estate investment trust’s stock worth $1,388,000 after acquiring an additional 50 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Ventas by 0.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,534 shares of the real estate investment trust’s stock worth $1,496,000 after acquiring an additional 57 shares during the period. Finally, Glenview Trust Co lifted its holdings in shares of Ventas by 0.4% during the 2nd quarter. Glenview Trust Co now owns 18,035 shares of the real estate investment trust’s stock worth $1,253,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.
A number of brokerages have recently weighed in on VTR. KeyCorp reaffirmed a “sell” rating and set a $55.00 price target on shares of Ventas in a report on Sunday, September 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. Bank of America downgraded shares of Ventas from a “buy” rating to a “neutral” rating and cut their price target for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. Jefferies Group reaffirmed a “hold” rating and set a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Finally, BidaskClub raised shares of Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Eight investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Ventas currently has a consensus rating of “Hold” and an average price target of $64.44.
Shares of Ventas, Inc. (NYSE:VTR) traded down $1.99 during trading hours on Tuesday, reaching $62.82. 3,399,100 shares of the company traded hands, compared to its average volume of 1,717,567. The company has a market cap 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. 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, Inc. has a fifty-two week low of $58.75 and a fifty-two week high of $72.36.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. Ventas’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. equities analysts predict that Ventas, Inc. will post 4.16 earnings per share for the current fiscal year.
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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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