Ventas, Inc. (VTR) Plans Quarterly Dividend of $0.73
Ventas (NYSE:VTR) declared a quarterly dividend on Tuesday, September 2nd, Analyst Ratings Net reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.725 per share on Tuesday, September 30th. This represents a $2.90 dividend on an annualized basis and a yield of 4.43%.
A number of research firms have recently commented on VTR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ventas in a research note on Monday, August 18th. They now have a $61.00 price target on the stock, up previously from $60.00. On the ratings front, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.25.
Shares of Ventas (NYSE:VTR) traded down 0.56% on Tuesday, hitting $65.41. 1,364,603 shares of the company’s stock traded hands. Ventas 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 $64.50 and a 200-day moving average of $63.92. The company has a market cap of $19.253 billion and a P/E ratio of 39.84.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.01 earnings per share. Ventas’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Ventas will post $4.41 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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