Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Friday, September 14th, RTT News reports. Stockholders of record on Monday, October 1st will be given a dividend of 0.79 per share by the real estate investment trust on Friday, October 12th. This represents a $3.16 annualized dividend and a dividend yield of 5.36%.
Ventas has decreased its dividend by an average of 7.8% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Ventas has a payout ratio of 78.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Ventas to earn $4.07 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 77.6%.
Ventas stock opened at $59.01 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 0.56. Ventas has a 12 month low of $46.55 and a 12 month high of $69.53. The firm has a market cap of $21.00 billion, a PE ratio of 14.19, a P/E/G ratio of 3.85 and a beta of 0.12.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The firm had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $919.95 million. Ventas had a net margin of 34.00% and a return on equity of 5.02%. Ventas’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. equities analysts expect that Ventas will post 4.05 earnings per share for the current fiscal year.
In other Ventas news, Chairman Debra A. Cafaro sold 30,942 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $58.00, for a total transaction of $1,794,636.00. Following the completion of the sale, the chairman now directly owns 775,109 shares in the company, valued at $44,956,322. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $60.00, for a total transaction of $822,480.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on VTR shares. Jefferies Financial Group reiterated a “$57.33” rating and issued a $61.00 price objective on shares of Ventas in a report on Wednesday, July 18th. TheStreet upgraded shares of Ventas from a “c+” rating to a “b-” rating in a report on Thursday, July 5th. Royal Bank of Canada set a $61.00 price objective on shares of Ventas and gave the stock a “buy” rating in a report on Tuesday, July 31st. SunTrust Banks reiterated a “hold” rating and issued a $58.00 price objective on shares of Ventas in a report on Tuesday, July 31st. Finally, ValuEngine upgraded shares of Ventas from a “strong sell” rating to a “sell” rating in a report on Thursday, June 28th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Ventas presently has a consensus rating of “Hold” and an average target price of $57.07.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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