$878.82 Million in Sales Expected for Ventas, Inc. (VTR) This Quarter
Equities analysts expect that Ventas, Inc. (NYSE:VTR) will announce $878.82 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Ventas’ earnings, with the highest sales estimate coming in at $886.13 million and the lowest estimate coming in at $871.50 million. Ventas posted 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 issue its next quarterly earnings report before the market opens on Friday, July 28th.
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 fiscal 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 Investment Research’s sales calculations are an average based on a survey of research firms that cover Ventas.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.02 by $0.58. The company had revenue of $883.44 million during the quarter, compared to analysts’ expectations of $873.56 million. Ventas had a return on equity of 6.34% and a net margin of 20.10%. Ventas’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share.
Several equities research analysts recently commented on the company. BidaskClub cut Ventas from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Mizuho reaffirmed a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group began coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective on the stock. Jefferies Group LLC raised their target price on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, BMO Capital Markets reissued a “sell” rating and issued a $60.00 target price on shares of Ventas in a research report on Wednesday, April 12th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.22.
Shares of Ventas (VTR) traded down 0.13% during trading on Friday, hitting $68.31. 560,181 shares of the company were exchanged. The stock has a market capitalization of $24.24 billion, a PE ratio of 34.71 and a beta of 0.08. The company has a 50 day moving average of $68.68 and a 200-day moving average of $64.78. Ventas has a 1-year low of $56.20 and a 1-year high of $76.80.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, June 2nd. Ventas’s dividend payout ratio is currently 157.36%.
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In related news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the transaction, the chairman now owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its position in Ventas by 27.8% in the first quarter. Raymond James Trust N.A. now owns 18,906 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 4,110 shares during the last quarter. Paradigm Financial Advisors LLC boosted its stake in shares of Ventas by 3.8% in the first quarter. Paradigm Financial Advisors LLC now owns 49,655 shares of the real estate investment trust’s stock valued at $3,229,000 after buying an additional 1,830 shares in the last quarter. Catawba Capital Management VA boosted its stake in shares of Ventas by 7.8% in the first quarter. Catawba Capital Management VA now owns 3,614 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 260 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Ventas by 6.6% in the first quarter. Fulton Bank N.A. now owns 22,064 shares of the real estate investment trust’s stock valued at $1,435,000 after buying an additional 1,373 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of Ventas by 28.1% in the first quarter. Manning & Napier Advisors LLC now owns 140,005 shares of the real estate investment trust’s stock valued at $9,105,000 after buying an additional 30,675 shares in the last quarter. Institutional investors own 89.09% of the company’s stock.
Ventas Company Profile
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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