Ventas (VTR) to Release Quarterly Earnings on Wednesday

Ventas (NYSE:VTR) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Ventas to post 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ventas (NYSE:VTR) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect Ventas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ventas Trading Up 0.3 %

Shares of VTR stock opened at $64.86 on Wednesday. The business’s fifty day moving average price is $62.62 and its 200 day moving average price is $54.23. The firm has a market capitalization of $26.80 billion, a PE ratio of -162.15, a P/E/G ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.58 and a quick ratio of 0.58. Ventas has a 1-year low of $40.98 and a 1-year high of $65.64.

Ventas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Insider Buying and Selling

In related news, CEO Debra A. Cafaro sold 40,079 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the transaction, the chief executive officer now owns 90,795 shares of the company’s stock, valued at $5,900,767.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Debra A. Cafaro sold 40,079 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the transaction, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,065 shares of company stock worth $4,526,464. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VTR has been the topic of a number of research analyst reports. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank boosted their price target on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Evercore ISI raised their price objective on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. StockNews.com downgraded Ventas from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.