Ventas, Inc. Plans Quarterly Dividend of $0.45 (NYSE:VTR)

Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Friday, December 11th, RTT News reports. Shareholders of record on Monday, January 4th will be given a dividend of 0.45 per share by the real estate investment trust on Wednesday, January 20th. This represents a $1.80 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, December 31st.

Ventas has raised its dividend by 6.9% over the last three years and has increased its dividend every year for the last 1 years. Ventas has a payout ratio of 216.9% meaning 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 $3.10 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 58.1%.

NYSE:VTR opened at $49.03 on Wednesday. The firm’s 50 day moving average is $48.92 and its two-hundred day moving average is $42.46. The company has a market cap of $18.37 billion, a P/E ratio of 44.57, a P/E/G ratio of 4.34 and a beta of 1.06. Ventas has a fifty-two week low of $13.35 and a fifty-two week high of $63.38. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.

Ventas (NYSE:VTR) last released its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The business had revenue of $918.94 million during the quarter, compared to analyst estimates of $891.61 million. Ventas had a net margin of 10.49% and a return on equity of 3.88%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. Research analysts forecast that Ventas will post 3.17 earnings per share for the current fiscal year.

Several research analysts have weighed in on VTR shares. BidaskClub raised shares of Ventas from a “sell” rating to a “hold” rating in a report on Friday, December 18th. Mizuho raised their price objective on shares of Ventas from $31.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. Jefferies Financial Group raised shares of Ventas from an “underperform” rating to a “hold” rating and set a $50.00 price objective for the company in a report on Tuesday, November 10th. Barclays raised their price objective on shares of Ventas from $37.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 16th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $43.00 price objective on shares of Ventas in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.78.

In other news, CFO Robert F. Probst sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $50.00, for a total value of $275,000.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. Company insiders own 1.16% of the company’s stock.

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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Dividend History for Ventas (NYSE:VTR)

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