Principal Financial Group Inc. Sells 1,524 Shares of Ventas, Inc. (VTR)
Principal Financial Group Inc. trimmed its position in shares of Ventas, Inc. (NYSE:VTR) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 787,131 shares of the real estate investment trust’s stock after selling 1,524 shares during the period. Principal Financial Group Inc. owned about 0.22% of Ventas worth $51,266,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its position in Ventas by 2.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 38,024 shares of the real estate investment trust’s stock worth $2,477,000 after buying an additional 903 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Ventas by 7.3% in the third quarter. Daiwa Securities Group Inc. now owns 5,247,318 shares of the real estate investment trust’s stock valued at $341,758,000 after purchasing an additional 357,605 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Ventas by 22.7% in the third quarter. State of Tennessee Treasury Department now owns 119,120 shares of the real estate investment trust’s stock valued at $7,758,000 after purchasing an additional 22,058 shares during the last quarter. State of Wisconsin Investment Board grew its position in shares of Ventas by 7.6% in the third quarter. State of Wisconsin Investment Board now owns 483,650 shares of the real estate investment trust’s stock valued at $31,500,000 after purchasing an additional 34,003 shares during the last quarter. Finally, BT Investment Management Ltd grew its position in shares of Ventas by 1.0% in the third quarter. BT Investment Management Ltd now owns 111,343 shares of the real estate investment trust’s stock valued at $7,242,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
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Shares of Ventas, Inc. (NYSE:VTR) opened at $65.04 on Wednesday. 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 cap of $23,289.55, a P/E ratio of 15.68, a P/E/G ratio of 4.22 and a beta of 0.08. Ventas, Inc. has a fifty-two week low of $57.97 and a fifty-two week high of $72.36.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. research analysts expect that Ventas, Inc. will post 4.15 EPS for the current year.
Several equities research analysts recently weighed in on the stock. SunTrust Banks, Inc. set a $67.00 target price on shares of Ventas and gave the company a “hold” rating in a research note on Sunday, October 29th. BMO Capital Markets set a $62.00 target price on shares of Ventas and gave the company a “sell” rating in a research note on Friday, October 27th. UBS AG reduced their target price on shares of Ventas from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, October 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 target price on shares of Ventas in a research note on Tuesday, August 29th. Finally, Capital One Financial Corporation assumed coverage on shares of Ventas in a research note on Monday, September 25th. They issued an “equal weight” rating and a $69.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus 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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