Wall Street analysts forecast that Ventas, Inc. (NYSE:VTR) will report sales of $936.77 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Ventas’ earnings. The lowest sales estimate is $924.60 million and the highest is $946.00 million. Ventas posted sales of $918.94 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The firm is expected to report its next quarterly earnings results on Friday, November 5th.
On average, analysts expect that Ventas will report full year sales of $3.71 billion for the current year, with estimates ranging from $3.66 billion to $3.79 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.00 billion, with estimates ranging from $3.82 billion to $4.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ventas.
Ventas (NYSE:VTR) last posted its earnings results on Friday, August 6th. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Ventas had a net margin of 4.15% and a return on equity of 1.50%. The company had revenue of $919.20 million for the quarter, compared to analyst estimates of $903.94 million. During the same quarter in the prior year, the business posted ($0.43) EPS. The firm’s revenue was down 2.5% compared to the same quarter last year.
In other news, CEO Debra A. Cafaro sold 18,075 shares of Ventas stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $59.77, for a total transaction of $1,080,342.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Debra A. Cafaro sold 18,076 shares of Ventas stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $56.62, for a total transaction of $1,023,463.12. Following the sale, the chief executive officer now directly owns 759,352 shares in the company, valued at approximately $42,994,510.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,226 shares of company stock worth $3,127,393. 1.30% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Ventas by 1.0% during the second quarter. Vanguard Group Inc. now owns 59,853,180 shares of the real estate investment trust’s stock valued at $3,417,617,000 after purchasing an additional 597,788 shares during the last quarter. BlackRock Inc. boosted its position in shares of Ventas by 1.1% in the first quarter. BlackRock Inc. now owns 37,285,965 shares of the real estate investment trust’s stock worth $1,988,833,000 after purchasing an additional 392,088 shares during the period. State Street Corp boosted its position in shares of Ventas by 3.9% during the second quarter. State Street Corp now owns 23,243,694 shares of the real estate investment trust’s stock worth $1,337,506,000 after acquiring an additional 879,579 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ventas by 2.7% during the second quarter. Geode Capital Management LLC now owns 7,596,054 shares of the real estate investment trust’s stock worth $432,684,000 after acquiring an additional 198,200 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Ventas by 5.2% during the second quarter. Invesco Ltd. now owns 7,175,989 shares of the real estate investment trust’s stock worth $409,749,000 after acquiring an additional 354,329 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.
VTR traded down $0.26 on Tuesday, hitting $57.39. The company’s stock had a trading volume of 1,804,824 shares, compared to its average volume of 2,162,645. The company’s 50 day simple moving average is $57.52 and its 200-day simple moving average is $56.30. The firm has a market cap of $21.83 billion, a P/E ratio of 143.48, a price-to-earnings-growth ratio of 5.02 and a beta of 1.26. Ventas has a 12 month low of $37.83 and a 12 month high of $61.09. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Friday, October 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.14%. Ventas’s payout ratio is presently 54.22%.
Ventas Company Profile
Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.
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