Ventas, Inc. (NYSE:VTR) Issues FY17 Earnings Guidance
Ventas, Inc. (NYSE:VTR) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $4.12-4.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.16.
Shares of Ventas, Inc. (NYSE:VTR) opened at 67.41 on Friday. The company has a market capitalization of $23.92 billion, a PE ratio of 34.25 and a beta of 0.08. Ventas, Inc. has a 12-month low of $56.20 and a 12-month high of $76.80. The firm’s 50-day moving average is $68.85 and its 200-day moving average is $64.96.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. The firm had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Ventas, Inc. will post $1.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th were issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Friday, June 2nd. Ventas’s dividend payout ratio is currently 157.36%.
VTR has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Ventas from a hold rating to a sell rating in a report on Thursday, April 6th. BidaskClub raised shares of Ventas from a hold rating to a buy rating in a report on Saturday, June 17th. Jefferies Group LLC reissued a hold rating and issued a $58.00 price objective on shares of Ventas in a report on Friday, April 7th. Mizuho reissued a neutral rating on shares of Ventas in a report on Wednesday, June 28th. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of Ventas in a report on Wednesday, June 21st. They issued a hold rating and a $67.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Ventas has a consensus rating of Hold and an average target price of $66.22.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by insiders.
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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