Ventas, Inc. (VTR) Issues FY14 Earnings Guidance
Ventas, Inc. (NYSE:VTR) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $4.39-4.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.03, AnalystRatingsNetwork reports.
VTR has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of Ventas in a research note on Wednesday, July 23rd. They set a buy rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Ventas from $67.00 to $71.00 in a research note on Tuesday, July 22nd. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $64.50.
Ventas, Inc. (NYSE:VTR) traded up 0.35% during mid-day trading on Monday, hitting $63.66. 1,831,259 shares of the company’s stock traded hands. Ventas, Inc. has a 52 week low of $54.89 and a 52 week high of $69.09. The stock has a 50-day moving average of $64.06 and a 200-day moving average of $63.. The company has a market cap of $18.737 billion and a price-to-earnings ratio of 40.36.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.09. The company had revenue of $751.25 million for the quarter, compared to the consensus estimate of $741.08 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Ventas, Inc. will post $4.40 EPS 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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