Ventas (NYSE:VTR) Issues FY24 Earnings Guidance

Ventas (NYSE:VTR) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.14-3.18 for the period, compared to the consensus earnings per share estimate of $3.17.

Ventas Stock Up 0.7 %

Shares of NYSE VTR traded up $0.45 during trading on Wednesday, hitting $66.48. 1,655,721 shares of the company traded hands, compared to its average volume of 2,375,770. Ventas has a fifty-two week low of $41.45 and a fifty-two week high of $66.98. The firm has a market capitalization of $27.47 billion, a price-to-earnings ratio of -165.32, a P/E/G ratio of 2.87 and a beta of 1.36. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The business’s fifty day moving average is $63.33 and its 200 day moving average is $55.02.

Ventas (NYSE:VTR) last issued its quarterly earnings results 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 return on equity of 1.63% and a negative net margin of 3.33%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the firm posted $0.75 earnings per share. Ventas’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Ventas will post 3.18 earnings per share for the current fiscal year.

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 issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Analysts Set New Price Targets

A number of research firms have recently commented on VTR. Scotiabank raised their price target on Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. StockNews.com downgraded shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Evercore ISI boosted their price objective on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.63.

Insider Activity

In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total transaction of $209,028.16. Following the completion of the sale, the chief executive officer now owns 104,295 shares in the company, valued at approximately $5,761,255.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Debra A. Cafaro sold 40,079 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $56,529,016.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the transaction, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,069 shares of company stock worth $4,923,389 in the last three months. Company insiders own 1.00% of the company’s stock.

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.