Wedbush Comments on Ventas’ FY2024 Earnings (NYSE:VTR)

Ventas, Inc. (NYSE:VTR) – Analysts at Wedbush dropped their FY2024 earnings per share estimates for Ventas in a research note issued to investors on Monday, November 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $3.18 for the year, down from their prior estimate of $3.30. Wedbush has a “Outperform” rating and a $71.00 price objective on the stock. The consensus estimate for Ventas’ current full-year earnings is $3.16 per share. Wedbush also issued estimates for Ventas’ Q4 2024 earnings at $0.81 EPS and FY2025 earnings at $3.39 EPS.

VTR has been the subject of several other reports. Evercore ISI raised their price objective on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Scotiabank raised their price objective on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Wolfe Research upgraded Ventas to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com upgraded Ventas from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ventas has a consensus rating of “Moderate Buy” and an average target price of $63.63.

Ventas Stock Up 0.2 %

Ventas stock opened at $64.47 on Wednesday. Ventas has a one year low of $41.45 and a one year high of $67.61. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average of $63.87 and a two-hundred day moving average of $55.81.

Institutional Trading of Ventas

Several institutional investors have recently bought and sold shares of VTR. First Community Trust NA acquired a new stake in Ventas in the second quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in Ventas in the second quarter valued at approximately $27,000. EdgeRock Capital LLC acquired a new stake in Ventas in the second quarter valued at approximately $41,000. Global X Japan Co. Ltd. acquired a new stake in Ventas in the third quarter valued at approximately $48,000. Finally, Friedenthal Financial acquired a new stake in Ventas in the second quarter valued at approximately $51,000. 94.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ventas

In related news, CFO Robert F. Probst sold 20,000 shares of Ventas stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares in the company, valued at approximately $9,207,444.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total value of $389,940.00. Following the sale, the chief executive officer now directly owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the sale, the chief financial officer now directly owns 156,403 shares in the company, valued at approximately $9,207,444.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,454 shares of company stock worth $10,441,215. 1.00% of the stock is owned by corporate insiders.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.79%. The ex-dividend date was Tuesday, October 1st. Ventas’s dividend payout ratio is currently -1,058.76%.

About Ventas

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.