Ventas Inc. (VTR) Issues Q2 Earnings Guidance
Ventas Inc. (NYSE:VTR) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.09, AnalystRatings.NET reports.
A number of analysts have recently weighed in on VTR shares. Analysts at Jefferies Group raised their price target on shares of Ventas from $65.00 to $67.00 in a research note on Monday, June 2nd. Analysts at Barclays raised their price target on shares of Ventas from $62.00 to $65.00 in a research note on Monday, April 28th. They now have an equal weight rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $63.60.
Shares of Ventas Inc. (NYSE:VTR) traded up 0.17% during mid-day trading on Wednesday, hitting $64.34. The stock had a trading volume of 1,630,202 shares. Ventas Inc. has a 52-week low of $54.89 and a 52-week high of $72.32. The stock has a 50-day moving average of $64.80 and a 200-day moving average of $62.76. The company has a market cap of $18.938 billion and a P/E ratio of 40.86. Ventas also was the recipient of a large growth in short interest in June. As of June 13th, there was short interest totalling 9,018,543 shares, a growth of 62.0% from the May 30th total of 5,565,737 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 2,996,489 shares, the short-interest ratio is currently 3.0 days.
Ventas (NYSE:VTR) last announced its earnings results on Friday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $741.50 million for the quarter, compared to the consensus estimate of $725.56 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Ventas Inc. will post $4.39 earnings per share for the current fiscal year.
Ventas, Inc is a real estate investment trust (NYSE:VTR) with a geographically diverse portfolio of seniors housing and healthcare properties throughout the United States and Canada.
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