Ventas, Inc. (NYSE:VTR – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.52 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 30th.
Ventas has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Ventas has a payout ratio of 270.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ventas to earn $4.20 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 49.5%.
Ventas Stock Up 2.1%
NYSE:VTR opened at $90.35 on Thursday. The business’s fifty day moving average price is $84.97 and its 200 day moving average price is $81.07. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 164.27, a PEG ratio of 2.18 and a beta of 0.74. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.95. Ventas has a 1-year low of $61.76 and a 1-year high of $90.46.
Analyst Upgrades and Downgrades
VTR has been the subject of several research reports. Evercore restated an “outperform” rating and set a $95.00 price target on shares of Ventas in a report on Wednesday, April 29th. UBS Group upped their price objective on shares of Ventas from $85.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Citigroup increased their target price on shares of Ventas from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Ventas in a research note on Friday, March 27th. Finally, Wells Fargo & Company boosted their price target on shares of Ventas from $88.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.00.
Read Our Latest Analysis on Ventas
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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