Ventas, Inc. (NYSE:VTR) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in Ventas, Inc. (NYSE:VTR) by 109.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,678 shares of the real estate investment trust’s stock after acquiring an additional 4,013 shares during the quarter. Federated Hermes Inc.’s holdings in Ventas were worth $394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VTR. First Community Trust NA bought a new position in shares of Ventas in the second quarter worth $25,000. ORG Partners LLC bought a new stake in shares of Ventas during the 2nd quarter worth about $27,000. First Financial Corp IN acquired a new stake in shares of Ventas in the 1st quarter worth approximately $30,000. EdgeRock Capital LLC bought a new position in shares of Ventas in the second quarter valued at approximately $41,000. Finally, Friedenthal Financial acquired a new position in shares of Ventas during the second quarter valued at approximately $51,000. Institutional investors own 94.18% of the company’s stock.

Ventas Stock Up 3.3 %

Shares of NYSE:VTR opened at $64.21 on Tuesday. The firm has a 50 day simple moving average of $59.14 and a 200 day simple moving average of $51.21. Ventas, Inc. has a 52 week low of $39.33 and a 52 week high of $65.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $25.99 billion, a PE ratio of -337.95, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, research analysts expect that Ventas, Inc. will post 3.18 earnings per share for the current year.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Tuesday, October 1st. Ventas’s payout ratio is presently -947.37%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VTR shares. Royal Bank of Canada upped their target price on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th. Wedbush upped their price target on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Scotiabank increased their target price on shares of Ventas from $55.00 to $59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

Insider Buying and Selling at Ventas

In other news, CFO Robert F. Probst sold 20,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the transaction, the chief financial officer now directly owns 156,403 shares in the company, valued at approximately $9,207,444.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $56,529,016.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert F. Probst sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the sale, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at approximately $9,207,444.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,065 shares of company stock worth $4,526,464. 1.00% of the stock is currently owned by company insiders.

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.