According to GuruFocus list of 3-year lows, Ventas Inc. (VTR, Financial), Calpine Corp. (CPN, Financial), Targa Resources Corp. (TRGP, Financial) and Two Harbors Investment Corp. have all reached their 3-year lows.
Ventas Inc. reached $49.77
The prices of Ventas shares have declined to $49.77, which is 34.7% off the three-year high of $73.66.
Ventas is a real estate investment trust with a portfolio of seniors housing and healthcare properties located throughout the U.S., Canada and the United Kingdom. Ventas has a market cap of $17.52 billion, and its shares were traded at around $49.77 with a P/E ratio of 39.86 and a P/S ratio of 4.66. The company has a dividend yield of 4.63% and an annual average earnings growth of 9.10% over the past 10 years. GuruFocus rated Ventas Inc the business predictability rank of 3.5 stars.
For its recently reported third quarter of 2015, Ventas recorded normalized FFO of $1.09 per diluted share, up 7% compared to the prior year quarter. Third quarter 2015 net income was $22.9 million compared to $109.1 million last year. This decrease was primarily attributed to certain special factors which applied to the third quarter of 2014.
Calpine Corp. reached $14.70
The prices of Calpine shares have declined to $14.70 per share, which is 42.2% off the three-year high of $24.37.
Calpine has a market cap of $5.57 billion. Its shares were traded at around $14.70 with a P/E ratio of 11.16 and P/S ratio of 0.78. The company had an annual average earnings growth of 11.90% over the past five years.
Calpine has reported its third quarter results ended Sept. 30. For this quarter, operating revenues were $1.95 billion, representing a 10.9% decrease over the revenues of $2.19 billion reported for the prior year quarter. Adjusted EBITDA increased 6.2% to $791 million. Net income was $273 million, or 76 cents per diluted share, which compares to $614 million, or $1.52 per share for the prior year quarter. Adjusted net income was $347 million compared to $306 million last year.
Targa Resources Corp. reached $47.55
The prices of Targa Resources shares have declined to $47.55 per share, which is 71.6% off the three-year high of $160.97.
Targa Resources has a market cap of $3.15 billion, and its shares were traded at around $47.55 with a P/E ratio of 40.40 and a P/S ratio of 0.33. The dividend yield of Targa Resources stocks is 7.13%.
Targa Resources reported third quarter net income of $12.7 million, which compares to $30.7 million for the third quarter of last year. Diluted EPS for the period was 23 cents versus 73 cents in the prior year quarter.
Director Rene R. Joyce sold 10,000 shares of Targa Resources stock on Aug. 12 at the average price of $78.31 per share.
Two Harbors Investment Corp. reached $8.24
The prices of Two Harbors Investment shares have declined to $8.24 per share, which is 38.7% off the three-year high of $13.05.
Two Harbors Investment has a market cap of $3.1 billion. Its shares were traded at around $8.24 with a P/E ratio of 6.47 and a P/S ratio of 4.86. The dividend yield of Two Harbors Investment stocks is 12.61%.
For its third quarter, Two Harbors Investment reported core earnings of $79.4 million, or 22 cents per weighted average common share. GAAP net loss per share was 9 cents and comprehensive loss per share was 25 cents. Book value per share at the end of the quarter was $10.30.
CEO and President Thomas Siering bought 3,000 shares of Two Harbors Investment stock on Nov. 11 at the average price of $9.67 per share.
Go here for the complete list of 3-year lows.
