Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.140-3.180 for the period, compared to the consensus earnings per share estimate of 3.170. The company issued revenue guidance of -. Ventas also updated its FY24 guidance to $3.14-3.18 EPS.

Analyst Ratings Changes

Several research firms have commented on VTR. Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Evercore ISI upped their target price on Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company raised Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.63.

Ventas Price Performance

Shares of VTR traded up $0.46 during trading hours on Wednesday, reaching $66.49. The stock had a trading volume of 2,486,563 shares, compared to its average volume of 2,379,725. The stock has a market capitalization of $27.47 billion, a PE ratio of -166.22, a PEG ratio of 2.87 and a beta of 1.36. Ventas has a 12 month low of $41.45 and a 12 month high of $66.98. 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 company’s 50-day moving average is $63.48 and its two-hundred day moving average is $55.10.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Ventas will post 3.18 EPS for the current year.

Ventas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. 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 dividend payout ratio (DPR) is currently -449.99%.

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 6,004 shares of Ventas stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $66.11, for a total transaction of $396,924.44. Following the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at approximately $65,231,860.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Debra A. Cafaro sold 6,004 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 986,717 shares in the company, valued at approximately $65,231,860.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,069 shares of company stock valued at $4,923,389. 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.