Federated Hermes Inc. Purchases 26,892 Shares of Ventas, Inc. (NYSE:VTR)

Key Points

• Federated Hermes Inc. has increased its stake in Ventas, Inc. by 75.1%, now holding 62,721 shares valued at approximately $4.31 million.
• Ventas reported a quarterly EPS of $0.87, surpassing analysts' expectations, and its quarterly revenue rose by 18.3% compared to the previous year.
• Insider sales were notable, with CEO Debra A. Cafaro and EVP Carey S. Roberts selling significant amounts of Ventas stock, indicating a 0.89% and 16.77% decrease in their respective ownerships.

Federated Hermes Inc. raised its holdings in Ventas, Inc. (NYSE:VTR - Free Report) by 75.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,721 shares of the real estate investment trust's stock after acquiring an additional 26,892 shares during the period. Federated Hermes Inc.'s holdings in Ventas were worth $4,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VTR. Cloud Capital Management LLC purchased a new position in shares of Ventas in the first quarter valued at about $25,000. Larson Financial Group LLC grew its position in shares of Ventas by 1,334.6% during the 1st quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 347 shares during the period. Franchise Capital Ltd acquired a new stake in Ventas in the 1st quarter worth about $32,000. Rossby Financial LCC acquired a new position in shares of Ventas during the 1st quarter worth approximately $34,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Ventas in the first quarter valued at approximately $41,000. 94.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VTR. Royal Bank Of Canada upped their price objective on Ventas from $74.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank upped their price objective on Ventas from $71.00 to $72.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised Ventas from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $70.00 to $72.00 in a research note on Monday, June 23rd. Finally, Wall Street Zen downgraded Ventas from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ventas has an average rating of "Moderate Buy" and a consensus target price of $72.90.

Insider Buying and Selling

In other news, CFO Robert F. Probst sold 168,318 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.36, for a total value of $11,001,264.48. Following the sale, the chief financial officer directly owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. This represents a 49.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Debra A. Cafaro sold 14,753 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.60, for a total transaction of $967,796.80. Following the transaction, the chief executive officer directly owned 1,145,695 shares in the company, 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 sold a total of 348,700 shares of company stock worth $22,776,223 in the last three months. 1.00% of the stock is owned by corporate insiders.

Ventas Stock Up 0.6%

Shares of VTR stock traded up $0.43 on Tuesday, hitting $68.71. The company's stock had a trading volume of 3,122,265 shares, compared to its average volume of 2,816,835. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.68 and a quick ratio of 0.68. Ventas, Inc. has a fifty-two week low of $55.67 and a fifty-two week high of $71.36. The firm's fifty day moving average price is $64.36 and its 200-day moving average price is $65.19. The stock has a market capitalization of $31.22 billion, a price-to-earnings ratio of 159.78, a P/E/G ratio of 2.46 and a beta of 0.87.

Ventas (NYSE:VTR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.37 billion. Ventas had a net margin of 3.61% and a return on equity of 1.75%. Ventas's revenue for the quarter 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 anticipate that Ventas, Inc. will post 3.4 EPS for the current year.

Ventas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, June 30th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 30th. Ventas's dividend payout ratio is currently 446.51%.

Ventas Company Profile

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.