Ventas, Inc. (NYSE:VTR) Set to Announce Earnings on Friday
Ventas, Inc. (NYSE:VTR) will be releasing its earnings data before the market opens on Friday, July 28th. Analysts expect Ventas to post earnings of $0.45 per share for the quarter. Ventas has set its FY17 guidance at $4.12-4.18 EPS.
Ventas (NYSE:VTR) last announced its earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by $0.58. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The business had revenue of $883.44 million for the quarter, compared to analyst estimates of $873.56 million. During the same period in the prior year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect Ventas to post $1.81 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.
Ventas, Inc. (NYSE:VTR) opened at 68.40 on Friday. Ventas, Inc. has a 12 month low of $56.20 and a 12 month high of $76.80. The company’s 50-day moving average price is $68.68 and its 200 day moving average price is $64.78. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 34.76 and a beta of 0.08.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th were issued a dividend of $0.775 per share. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.53%. Ventas’s payout ratio is 157.36%.
A number of analysts have recently commented on the company. Mizuho restated a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and set a $58.00 price objective on shares of Ventas in a report on Friday, April 7th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price objective for the company. Finally, BMO Capital Markets restated a “sell” rating and set a $60.00 price objective on shares of Ventas in a report on Wednesday, April 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $66.22.
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In related news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction on Thursday, June 15th. The stock was 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 directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
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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