River Road Asset Management LLC Sells 61,552 Shares of Ventas, Inc. (NYSE:VTR)

River Road Asset Management LLC decreased its stake in shares of Ventas, Inc. (NYSE:VTR) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 634,204 shares of the real estate investment trust’s stock after selling 61,552 shares during the period. River Road Asset Management LLC owned approximately 0.17% of Ventas worth $46,316,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Fulcrum Equity Management bought a new stake in shares of Ventas during the third quarter worth $103,000. Little House Capital LLC bought a new stake in shares of Ventas during the third quarter worth $728,000. Mason Street Advisors LLC grew its position in Ventas by 0.8% in the third quarter. Mason Street Advisors LLC now owns 53,081 shares of the real estate investment trust’s stock valued at $3,877,000 after purchasing an additional 397 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Ventas by 752.1% in the third quarter. Tower Research Capital LLC TRC now owns 9,109 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 8,040 shares in the last quarter. Finally, Gilbert & Cook Inc. bought a new position in Ventas in the third quarter valued at $209,000. 87.93% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on VTR shares. Morgan Stanley decreased their target price on shares of Ventas from $73.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. ValuEngine downgraded shares of Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup downgraded shares of Ventas from a “buy” rating to a “neutral” rating and decreased their target price for the company from $76.00 to $67.00 in a research report on Monday, October 28th. BMO Capital Markets decreased their target price on shares of Ventas to $63.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Berenberg Bank started coverage on shares of Ventas in a research report on Thursday, September 12th. They issued a “hold” rating and a $72.00 target price for the company. Two analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Ventas has an average rating of “Hold” and a consensus target price of $66.58.

VTR stock traded down $0.49 during trading hours on Tuesday, reaching $58.61. The stock had a trading volume of 181,023 shares, compared to its average volume of 2,623,700. The stock has a market capitalization of $22.03 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 5.13 and a beta of 0.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a 50-day simple moving average of $69.58 and a 200 day simple moving average of $68.40. Ventas, Inc. has a fifty-two week low of $56.52 and a fifty-two week high of $75.40.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.71). The firm had revenue of $983.16 million during the quarter, compared to analyst estimates of $935.43 million. Ventas had a net margin of 12.73% and a return on equity of 4.59%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. On average, sell-side analysts forecast that Ventas, Inc. will post 3.84 EPS for the current fiscal year.

In other Ventas news, EVP John D. Cobb sold 10,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $72.54, for a total value of $725,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Ventas Company Profile

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

See Also: What is diluted earnings per share (Diluted EPS)?

Institutional Ownership by Quarter for Ventas (NYSE:VTR)

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