Ventas (VTR) Scheduled to Post Quarterly Earnings on Wednesday

Ventas (NYSE:VTR) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Ventas has set its FY24 guidance at $3.12-3.18 EPS and its FY 2024 guidance at 3.120-3.180 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ventas (NYSE:VTR) last released its 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. On average, analysts expect Ventas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ventas Stock Performance

Shares of NYSE VTR opened at $64.97 on Monday. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of -341.95, a PEG ratio of 2.87 and a beta of 1.36. Ventas has a one year low of $40.98 and a one year high of $66.22. The business has a fifty day simple moving average of $63.06 and a 200 day simple moving average of $54.70. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.36.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.77%. Ventas’s dividend payout ratio (DPR) is presently -947.37%.

Insider Transactions at Ventas

In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the transaction, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $63.20, for a total value of $431,466.40. Following the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at $62,360,514.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares of the company’s stock, valued at $5,900,767.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,065 shares of company stock worth $4,526,464 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on VTR shares. Scotiabank increased their price objective on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Evercore ISI boosted their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Royal Bank of Canada lifted their target price on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ventas currently has an average rating of “Moderate Buy” and an average price target of $63.63.

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.