Ventas (NYSE:VTR) Issues FY24 Earnings Guidance

Ventas (NYSE:VTR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.14-3.18 for the period, compared to the consensus EPS estimate of $3.17.

Ventas Stock Up 0.7 %

Ventas stock traded up $0.45 during mid-day trading on Wednesday, hitting $66.48. The company’s stock had a trading volume of 1,655,721 shares, compared to its average volume of 2,375,770. 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 52-week low of $41.45 and a 52-week high of $66.98. The firm’s 50 day moving average is $63.33 and its 200 day moving average is $55.02. The company has a market cap of $27.47 billion, a PE ratio of -165.32, a price-to-earnings-growth ratio of 2.87 and a beta of 1.36.

Ventas (NYSE:VTR) last issued its quarterly earnings data 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). Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Ventas will post 3.18 earnings per share for the current year.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas’s payout ratio is currently -449.99%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. Wedbush increased their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Royal Bank of Canada lifted their price target on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com cut shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Evercore ISI lifted their target price on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.63.

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction that occurred on Tuesday, August 6th. The shares were 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 owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Debra A. Cafaro sold 40,079 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Debra A. Cafaro sold 6,004 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $66.11, for a total value of $396,924.44. Following the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,231,860.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,069 shares of company stock valued at $4,923,389 in the last ninety days. 1.00% of the stock is owned by insiders.

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.