Harvest Fund Management Co. Ltd Has $651,000 Stock Holdings in Ventas, Inc. (NYSE:VTR)

Key Points

• Harvest Fund Management Co. Ltd increased its position in Ventas, Inc. by 124.9%, acquiring a total of 10,111 shares worth approximately $651,000 at the end of the first quarter.
• Institutional investors own 94.18% of Ventas's stock, with notable new acquisitions from firms like DAVENPORT & Co LLC and Chicago Capital LLC during the same period.
• Ventas reported a quarterly earnings per share (EPS) of $0.87, exceeding expectations, and announced a dividend of $0.48 per share, contributing to an annualized yield of 2.89%.

Harvest Fund Management Co. Ltd increased its stake in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 124.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,111 shares of the real estate investment trust's stock after purchasing an additional 5,615 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Ventas were worth $651,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Lindbrook Capital LLC boosted its holdings in Ventas by 3.9% during the 1st quarter. Lindbrook Capital LLC now owns 4,440 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 165 shares during the period. DoubleLine ETF Adviser LP lifted its holdings in shares of Ventas by 0.6% in the 4th quarter. DoubleLine ETF Adviser LP now owns 29,695 shares of the real estate investment trust's stock worth $1,749,000 after buying an additional 171 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Ventas by 1.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,674 shares of the real estate investment trust's stock worth $734,000 after buying an additional 172 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Ventas by 2.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,644 shares of the real estate investment trust's stock worth $396,000 after buying an additional 181 shares during the period. Finally, Kentucky Retirement Systems lifted its holdings in shares of Ventas by 0.6% in the 1st quarter. Kentucky Retirement Systems now owns 28,574 shares of the real estate investment trust's stock worth $1,965,000 after buying an additional 183 shares during the period. Institutional investors own 94.18% of the company's stock.

Ventas Price Performance

VTR stock traded up $0.34 during midday trading on Friday, hitting $67.52. 2,813,818 shares of the stock were exchanged, compared to its average volume of 2,577,380. The stock's 50-day moving average price is $64.21 and its 200-day moving average price is $64.96. The stock has a market cap of $30.47 billion, a price-to-earnings ratio of 157.02, a PEG ratio of 2.43 and a beta of 0.87. Ventas, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $71.36. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.32 and a current ratio of 0.68.

Ventas (NYSE:VTR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%. Ventas's revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. Research analysts predict that Ventas, Inc. will post 3.4 earnings per share for the current year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, June 30th. Ventas's payout ratio is currently 581.82%.

Analysts Set New Price Targets

Several brokerages have weighed in on VTR. Wall Street Zen cut Ventas from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded Ventas from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $70.00 to $72.00 in a report on Monday, June 23rd. Royal Bank Of Canada boosted their price target on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Scotiabank boosted their price target on Ventas from $71.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Ventas currently has an average rating of "Moderate Buy" and an average price target of $72.90.

Insiders Place Their Bets

In related news, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.36, for a total value of $11,001,264.48. Following the completion of the sale, the chief financial officer directly owned 168,364 shares of the company's stock, valued at $11,004,271.04. The trade was a 49.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Debra A. Cafaro sold 14,753 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.60, for a total value of $967,796.80. Following the completion of the sale, the chief executive officer directly owned 1,145,695 shares of the company's stock, valued at approximately $75,157,592. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 348,700 shares of company stock worth $22,776,223 over the last quarter. 0.80% of the stock is owned by corporate insiders.

About Ventas

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.