Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.7925 per share by the real estate investment trust on Friday, April 12th. This represents a $3.17 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, March 29th.
Ventas has raised its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend every year for the last 8 years. Ventas has a payout ratio of 78.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Ventas to earn $3.93 per share next year, which means the company should continue to be able to cover its $3.17 annual dividend with an expected future payout ratio of 80.7%.
Shares of VTR stock traded down $0.52 on Monday, hitting $63.75. 2,426,469 shares of the stock traded hands, compared to its average volume of 2,171,785. The company has a current ratio of 0.53, a quick ratio of 0.56 and a debt-to-equity ratio of 1.04. The stock has a market cap of $22.91 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 5.03 and a beta of 0.33. Ventas has a twelve month low of $46.55 and a twelve month high of $65.70.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, February 8th. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.01. The firm had revenue of $923.26 million for the quarter, compared to analysts’ expectations of $913.92 million. Ventas had a net margin of 10.93% and a return on equity of 3.54%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, equities research analysts predict that Ventas will post 3.84 EPS for the current year.
In other Ventas news, EVP T Richard Riney sold 15,676 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $65.00, for a total transaction of $1,018,940.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on VTR. BMO Capital Markets boosted their price target on shares of Ventas from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Monday. TheStreet cut shares of Ventas from a “b” rating to a “c+” rating in a research report on Friday, October 26th. ValuEngine raised shares of Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Scotiabank began coverage on shares of Ventas in a research report on Monday, December 10th. They issued a “sector perform” rating and a $66.00 target price on the stock. Finally, KeyCorp set a $55.00 target price on shares of Ventas and gave the company a “sell” rating in a research report on Thursday, December 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.92.
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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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