Brokerages Expect Ventas, Inc. (VTR) to Announce $1.05 Earnings Per Share
Analysts expect Ventas, Inc. (NYSE:VTR) to post earnings per share of $1.05 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Ventas’ earnings. The highest EPS estimate is $1.06 and the lowest is $1.04. Ventas reported earnings per share of $1.04 during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is expected to announce its next earnings report before the market opens on Friday, July 28th.
According to Zacks, analysts expect that Ventas will report full-year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $4.14 to $4.24. For the next fiscal year, analysts anticipate that the company will report earnings of $4.31 per share, with EPS estimates ranging from $4.21 to $4.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Ventas.
Ventas (NYSE:VTR) last announced its quarterly earnings results 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 business had revenue of $883.44 million for the quarter, compared to analyst estimates of $873.56 million. During the same quarter last year, the company earned $1.04 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price on the stock. BMO Capital Markets restated a “sell” rating and set a $60.00 target price on shares of Ventas in a report on Wednesday, April 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $58.00 target price on shares of Ventas in a report on Friday, April 7th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and an average price target of $66.22.
Shares of Ventas (NYSE VTR) traded down 0.19% on Wednesday, hitting $68.53. 1,303,446 shares of the stock traded hands. The firm has a market capitalization of $24.32 billion, a PE ratio of 34.82 and a beta of 0.08. The firm’s 50 day moving average is $68.63 and its 200 day moving average is $64.75. Ventas has a 52 week low of $56.20 and a 52 week high of $76.80.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th were given a $0.775 dividend. The ex-dividend date was Friday, June 2nd. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.52%. Ventas’s payout ratio is presently 157.36%.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Cribstone Capital Management LLC purchased a new stake in Ventas during the first quarter valued at $123,000. Benjamin F. Edwards & Company Inc. boosted its stake in Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 65 shares in the last quarter. Wagner Bowman Management Corp purchased a new stake in Ventas during the first quarter valued at $201,000. Trust Co. of Virginia VA purchased a new stake in Ventas during the first quarter valued at $202,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Ventas during the first quarter valued at $207,000. 89.09% of the stock is owned by institutional investors.
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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