Ventas, Inc. (NYSE:VTR) – Jefferies Financial Group issued their FY2023 EPS estimates for shares of Ventas in a research report issued on Wednesday, January 13th. Jefferies Financial Group analyst J. Petersen forecasts that the real estate investment trust will post earnings of $3.72 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $50.00 target price on the stock.
Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Ventas from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 11th. Barclays boosted their target price on Ventas from $37.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 16th. Smith Barney Citigroup upped their price objective on shares of Ventas from $35.00 to $50.00 in a report on Tuesday, December 15th. Morgan Stanley lifted their price target on Ventas from $39.00 to $52.00 and gave the company an “equal weight” rating in a research report on Friday, December 11th. Finally, Raymond James upped their target price on shares of Ventas from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, December 8th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ventas currently has an average rating of “Hold” and a consensus price target of $44.53.
Ventas (NYSE:VTR) last issued its earnings results on Friday, November 6th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Ventas had a return on equity of 3.88% and a net margin of 10.49%. The company had revenue of $918.94 million for the quarter, compared to analyst estimates of $891.61 million. During the same period in the prior year, the firm earned $0.96 earnings per share. Ventas’s revenue for the quarter was down 6.5% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the business. Arlington Partners LLC acquired a new stake in shares of Ventas in the fourth quarter valued at about $26,000. Neo Ivy Capital Management purchased a new position in Ventas in the third quarter worth $31,000. Nachman Norwood & Parrott Inc bought a new position in Ventas during the third quarter valued at about $38,000. Ellevest Inc. increased its position in Ventas by 44.7% in the third quarter. Ellevest Inc. now owns 1,000 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 309 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of Ventas by 74.0% in the third quarter. Harbor Investment Advisory LLC now owns 1,091 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 464 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.
In related news, CFO Robert F. Probst sold 5,500 shares of Ventas stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $50.00, for a total value of $275,000.00. Following the completion of the sale, the chief financial officer now directly owns 78,740 shares in the company, valued at approximately $3,937,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.16% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 20th. Shareholders of record on Monday, January 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 31st. Ventas’s payout ratio is 46.75%.
Ventas Company Profile
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries Â- healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.
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