American Century Companies Inc. Takes Position in Ventas, Inc. (VTR)
American Century Companies Inc. purchased a new stake in Ventas, Inc. (NYSE:VTR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,188,891 shares of the real estate investment trust’s stock, valued at approximately $82,604,000. American Century Companies Inc. owned 0.33% of Ventas as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Ventas by 12.2% in the first quarter. Huntington National Bank now owns 3,442 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 375 shares during the period. Retirement Systems of Alabama raised its position in Ventas by 2.1% in the first quarter. Retirement Systems of Alabama now owns 171,418 shares of the real estate investment trust’s stock valued at $11,149,000 after buying an additional 3,580 shares during the period. Candriam Luxembourg S.C.A. raised its position in Ventas by 20.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 20,538 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 3,438 shares during the period. First Manhattan Co. raised its position in Ventas by 1.1% in the first quarter. First Manhattan Co. now owns 10,216 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 110 shares during the period. Finally, Korea Investment CORP raised its position in Ventas by 19.3% in the first quarter. Korea Investment CORP now owns 142,748 shares of the real estate investment trust’s stock valued at $9,284,000 after buying an additional 23,138 shares during the period. 89.36% of the stock is currently owned by institutional investors.
Ventas, Inc. (VTR) opened at 67.89 on Monday. Ventas, Inc. has a 52 week low of $56.20 and a 52 week high of $74.48. The firm has a 50 day moving average price of $67.04 and a 200 day moving average price of $65.64. The stock has a market capitalization of $24.18 billion, a P/E ratio of 34.39 and a beta of 0.07.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million during the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. Ventas’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Ventas, Inc. will post $1.82 earnings per share for the current year.
VTR has been the topic of several research analyst reports. Jefferies Group LLC lifted their price target on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. BidaskClub raised Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target on the stock. Finally, Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.29.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the transaction, the chairman now owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
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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