Bank of Hawaii trimmed its position in Ventas, Inc. (NYSE:VTR) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,992 shares of the real estate investment trust’s stock after selling 8,705 shares during the period. Bank of Hawaii owned 5,613.21% of Ventas worth $1,302,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Financial Architects Inc grew its stake in shares of Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 12 shares during the last quarter. Wagner Bowman Management Corp lifted its holdings in Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 26 shares during the period. CAPROCK Group Inc. lifted its holdings in Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 27 shares during the period. Cribstone Capital Management LLC lifted its holdings in Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 28 shares during the period. Finally, Good Life Advisors LLC lifted its holdings in Ventas by 0.8% in the second quarter. Good Life Advisors LLC now owns 4,023 shares of the real estate investment trust’s stock valued at $271,000 after acquiring an additional 31 shares during the period. 88.94% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on VTR. KeyCorp reissued a “sell” rating and issued a $55.00 target price 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 research note on Wednesday, September 6th. Bank of America Corporation downgraded Ventas from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research note on Tuesday, August 29th. Finally, BidaskClub upgraded Ventas from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $64.20.
Ventas, Inc. (NYSE VTR) traded down $0.32 during trading on Friday, reaching $64.19. The company’s stock had a trading volume of 719,067 shares, compared to its average volume of 1,721,063. The stock has a market cap of $22,890.00, a P/E ratio of 15.44, a PEG ratio of 4.15 and a beta of 0.09. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.06. Ventas, Inc. has a twelve month low of $57.97 and a twelve month 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 earnings per share (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 analyst estimates of $893.18 million. Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. analysts expect that Ventas, Inc. will post 4.16 EPS for the current fiscal year.
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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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