Ventas, Inc. (VTR) Expected to Announce Quarterly Sales of $878.82 Million
Equities research analysts expect Ventas, Inc. (NYSE:VTR) to announce sales of $878.82 million for the current quarter, Zacks reports. Two analysts have provided estimates for Ventas’ earnings, with the lowest sales estimate coming in at $871.50 million and the highest estimate coming in at $886.13 million. Ventas reported sales of $848.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is scheduled to announce its next earnings results on Friday, August 4th.
According to Zacks, analysts expect that Ventas will report full year sales of $878.82 million for the current fiscal year, with estimates ranging from $3.46 billion to $3.58 billion. For the next financial year, analysts anticipate that the business will report sales of $3.62 billion per share, with estimates ranging from $3.53 billion to $3.72 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Ventas.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.58. Ventas had a return on equity of 6.34% and a net margin of 20.10%. The firm had revenue of $883.44 million for the quarter, compared to analysts’ expectations of $873.56 million. During the same quarter last year, the firm posted $1.04 earnings per share. Ventas’s quarterly revenue was up 3.7% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research report on Wednesday. They set a “hold” rating and a $67.00 price target for the company. Evercore ISI downgraded shares of Ventas from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $58.00 price target on shares of Ventas in a research report on Friday, April 7th. Finally, Zacks Investment Research downgraded shares of Ventas from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $65.44.
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Shares of Ventas (NYSE:VTR) opened at 71.72 on Friday. Ventas has a 1-year low of $56.20 and a 1-year high of $76.80. The stock has a market capitalization of $25.45 billion, a price-to-earnings ratio of 36.44 and a beta of 0.13. The firm’s 50-day moving average price is $66.45 and its 200 day moving average price is $63.65.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th will be paid a $0.775 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $3.10 annualized dividend and a yield of 4.32%. Ventas’s payout ratio is currently 157.36%.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares during the period. Norges Bank bought a new position in shares of Ventas during the fourth quarter worth $165,072,000. Lasalle Investment Management Securities LLC raised its position in shares of Ventas by 1,760.8% in the first quarter. Lasalle Investment Management Securities LLC now owns 2,729,943 shares of the real estate investment trust’s stock worth $177,555,000 after buying an additional 2,583,233 shares during the period. Vanguard Group Inc. raised its position in shares of Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after buying an additional 1,110,305 shares during the period. Finally, Hexavest Inc. bought a new position in shares of Ventas during the first quarter worth $69,903,000. Institutional investors own 91.28% of the company’s stock.
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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