LifePlan Financial Group Inc Purchases New Stake in Ventas, Inc. (VTR)
LifePlan Financial Group Inc purchased a new stake in shares of Ventas, Inc. (NYSE:VTR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,836 shares of the real estate investment trust’s stock, valued at approximately $250,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position 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 valued at $139,000 after acquiring an additional 650 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in shares of Ventas during the third quarter valued at approximately $131,000. Cable Hill Partners LLC bought a new stake in Ventas in the 3rd quarter worth approximately $174,000. Northern Capital Management LLC bought a new stake in Ventas in the 2nd quarter worth approximately $202,000. Finally, Strategic Financial Group LLC bought a new stake in Ventas in the 2nd quarter worth approximately $208,000. 90.39% of the stock is owned by institutional investors.
Shares of Ventas, Inc. (NYSE VTR) traded up $0.54 during mid-day trading on Friday, hitting $63.53. 1,339,500 shares of the stock were exchanged, compared to its average volume of 1,717,162. Ventas, Inc. has a 12-month low of $58.96 and a 12-month high of $72.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $22,434.76, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 4.06 and a beta of 0.08.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business had revenue of $899.90 million for the quarter, compared to the consensus estimate of $893.18 million. During the same period in the previous year, the firm earned $1.03 EPS. The company’s revenue was up 3.8% on a year-over-year basis. sell-side analysts expect that Ventas, Inc. will post 4.15 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Raymond James Financial reaffirmed an “underperform” rating on shares of Ventas in a research report on Monday. Capital One Financial raised shares of Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “sell” rating and issued a $62.00 target price on shares of Ventas in a research report on Wednesday, October 18th. BidaskClub raised shares of Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Bank of America downgraded shares of Ventas from a “buy” rating to a “neutral” rating and cut their target price for the stock from $72.00 to $71.00 in a research report on Friday, September 22nd. Eight analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.44.
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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