Ventas (VTR) to Release Earnings on Wednesday

Ventas (NYSE:VTR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Ventas to post earnings of $0.80 per share for the quarter. Ventas has set its FY24 guidance at $3.12-3.18 EPS and its FY 2024 guidance at 3.120-3.180 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Ventas (NYSE:VTR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect Ventas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ventas Stock Performance

Shares of VTR stock opened at $64.86 on Wednesday. The stock has a market capitalization of $26.80 billion, a price-to-earnings ratio of -162.15, a PEG ratio of 2.90 and a beta of 1.36. Ventas has a one year low of $40.98 and a one year high of $65.64. The company’s 50-day simple moving average is $62.62 and its 200-day simple moving average is $54.23. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Tuesday, October 1st. Ventas’s dividend payout ratio is presently -449.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Ventas from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company upgraded shares of Ventas from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $61.00 to $71.00 in a research note on Tuesday, October 1st. Scotiabank increased their target price on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Royal Bank of Canada raised their price target on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Evercore ISI boosted their price objective on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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 shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the sale, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Peter J. Bulgarelli sold 3,784 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the transaction, the chief executive officer now directly owns 104,295 shares of the company’s stock, valued at $5,761,255.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction 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 sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,065 shares of company stock valued at $4,526,464. 1.00% of the stock is currently owned by company 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.