Ventas (NYSE:VTR) Updates FY24 Earnings Guidance

Ventas (NYSE:VTRGet Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.07-3.18 for the period, compared to the consensus earnings per share estimate of $3.14.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company reiterated an equal weight rating and set a $46.00 price objective (down previously from $52.00) on shares of Ventas in a research note on Monday, February 26th. downgraded Ventas from a hold rating to a sell rating in a research report on Tuesday, February 13th. Mizuho increased their price objective on Ventas from $53.00 to $56.00 and gave the company a buy rating in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Ventas in a research note on Tuesday, January 30th. They set a buy rating and a $60.00 target price on the stock. Finally, Bank of America upgraded Ventas from a neutral rating to a buy rating and increased their price target for the company from $48.00 to $53.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $51.43.

Get Our Latest Analysis on Ventas

Ventas Stock Down 0.3 %

Shares of NYSE:VTR opened at $42.75 on Wednesday. Ventas has a 12-month low of $39.33 and a 12-month high of $50.99. The business has a 50 day moving average of $44.37 and a two-hundred day moving average of $44.98. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.51 and a quick ratio of 0.51.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, April 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, March 28th. Ventas’s dividend payout ratio is currently -1,636.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new stake in shares of Ventas during the 4th quarter valued at about $25,000. Fairfield Bush & CO. acquired a new position in Ventas during the first quarter worth $41,000. Dagco Inc. purchased a new position in Ventas during the fourth quarter valued at $46,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Ventas in the fourth quarter valued at about $50,000. Finally, Belpointe Asset Management LLC increased its stake in shares of Ventas by 99.3% during the first quarter. Belpointe Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 711 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Ventas Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Ventas (NYSE:VTR)

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