Robert F. Probst Sells 29,691 Shares of Ventas, Inc. (NYSE:VTR) Stock

Key Points

• CFO Robert F. Probst sold 29,691 shares of Ventas, Inc. stock for a total of $2,033,536.59, reducing his ownership by 14.99%.
• Ventas recently reported a quarterly earnings of $0.87 EPS, surpassing estimates, with revenue reaching $1.42 billion, an increase of 18.3% year-over-year.
• The company declared a quarterly dividend of $0.48, with an annualized payout of $1.92, reflecting a high payout ratio of 446.51%.

Ventas, Inc. (NYSE:VTR - Get Free Report) CFO Robert F. Probst sold 29,691 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $68.49, for a total transaction of $2,033,536.59. Following the completion of the sale, the chief financial officer owned 168,364 shares in the company, valued at $11,531,250.36. This represents a 14.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ventas Stock Down 0.3%

Shares of VTR traded down $0.24 during mid-day trading on Wednesday, hitting $68.50. 2,346,928 shares of the company traded hands, compared to its average volume of 2,816,948. Ventas, Inc. has a 1-year low of $56.68 and a 1-year high of $71.36. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $31.13 billion, a PE ratio of 159.29, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87. The business has a 50 day moving average of $64.43 and a 200 day moving average of $65.21.

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

Ventas Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC acquired a new stake in Ventas during the first quarter worth approximately $276,000. NBC Securities Inc. purchased a new stake in Ventas in the first quarter valued at approximately $65,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ventas by 40.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,773 shares of the real estate investment trust's stock valued at $2,391,000 after buying an additional 10,091 shares during the last quarter. Chicago Capital LLC purchased a new stake in shares of Ventas in the first quarter valued at about $579,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Ventas in the first quarter valued at about $13,321,000. Hedge funds and other institutional investors own 94.18% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

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