Ventas, Inc. (VTR) Expected to Post Quarterly Sales of $869.42 Million
Analysts predict that Ventas, Inc. (NYSE:VTR) will report $869.42 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ventas’ earnings, with estimates ranging from $848.67 million to $890.17 million. Ventas posted sales of $867.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.3%. The company is expected to issue its next quarterly earnings report before the market opens on Friday, October 27th.
On average, analysts expect that Ventas will report full-year sales of $869.42 million for the current year, with estimates ranging from $3.42 billion to $3.57 billion. For the next financial year, analysts forecast that the business will report sales of $3.57 billion per share, with estimates ranging from $3.47 billion to $3.68 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Ventas.
Ventas (NYSE:VTR) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year.
VTR has been the topic of several research reports. BMO Capital Markets reissued a “sell” rating and set a $62.00 target price on shares of Ventas in a research note on Wednesday. UBS AG decreased their target price on Ventas from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, October 2nd. Capital One Financial Corporation initiated coverage on Ventas in a research note on Monday, September 25th. They set an “equal weight” rating and a $69.00 target price on the stock. Bank of America Corporation lowered Ventas from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $72.00 to $71.00 in a research note on Friday, September 22nd. Finally, KeyCorp reissued a “sell” rating and set a $55.00 target price on shares of Ventas in a research note on Sunday, September 17th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.90.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Ventas by 2,360.9% during the 1st quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after purchasing an additional 35,049,052 shares during the period. JPMorgan Chase & Co. increased its holdings in Ventas by 102.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,041,712 shares of the real estate investment trust’s stock worth $280,817,000 after purchasing an additional 2,049,815 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in Ventas by 7.6% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,010 shares of the real estate investment trust’s stock worth $3,058,000 after purchasing an additional 3,121 shares during the period. Bank of America Corp DE increased its holdings in Ventas by 1.0% during the 1st quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after purchasing an additional 184,874 shares during the period. Finally, Bank of Nova Scotia increased its holdings in Ventas by 921.5% during the 1st quarter. Bank of Nova Scotia now owns 81,098 shares of the real estate investment trust’s stock worth $5,274,000 after purchasing an additional 73,159 shares during the period. Institutional investors own 89.16% of the company’s stock.
Shares of Ventas (VTR) opened at 63.02 on Friday. The firm has a 50-day moving average price of $66.04 and a 200-day moving average price of $66.63. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 31.93 and a beta of 0.08. Ventas has a 1-year low of $56.20 and a 1-year high of $72.36.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.775 per share. The ex-dividend date was Monday, September 11th. This represents a $3.10 annualized dividend and a yield of 4.92%. Ventas’s dividend payout ratio (DPR) is 157.36%.
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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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