Ventas, Inc. (NYSE:VTR) – Investment analysts at Capital One Financial boosted their Q3 2019 earnings estimates for Ventas in a research note issued on Tuesday, June 11th. Capital One Financial analyst D. Bernstein now anticipates that the real estate investment trust will post earnings per share of $0.93 for the quarter, up from their prior estimate of $0.92.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The business had revenue of $942.80 million for the quarter, compared to analyst estimates of $908.61 million. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share.
Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Ventas from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Morgan Stanley assumed coverage on shares of Ventas in a research report on Thursday, March 28th. They issued an “equal weight” rating and a $61.00 target price for the company. Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. Deutsche Bank raised their target price on shares of Ventas from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Finally, BMO Capital Markets raised their target price on shares of Ventas from $62.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.46.
Ventas stock opened at $64.86 on Thursday. The firm has a market capitalization of $23.12 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 7.15 and a beta of 0.22. Ventas has a 1-year low of $51.80 and a 1-year high of $66.42. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.
Several institutional investors and hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. lifted its stake in shares of Ventas by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 104,561 shares of the real estate investment trust’s stock worth $6,126,000 after buying an additional 2,750 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of Ventas during the 4th quarter worth about $104,000. Comerica Securities Inc. lifted its stake in shares of Ventas by 56.3% during the 4th quarter. Comerica Securities Inc. now owns 6,942 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 2,500 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Ventas during the 4th quarter worth about $504,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Ventas by 1.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 148,077 shares of the real estate investment trust’s stock worth $8,676,000 after buying an additional 2,126 shares during the last quarter. 87.16% of the stock is owned by institutional investors.
In other news, CAO Gregory R. Liebbe sold 4,113 shares of Ventas stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $60.67, for a total value of $249,535.71. Following the completion of the transaction, the chief accounting officer now owns 14,627 shares of the company’s stock, valued at approximately $887,420.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Cobb sold 10,000 shares of Ventas stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $64.88, for a total transaction of $648,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 23,493 shares of company stock valued at $1,502,970. Insiders own 1.40% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be given a $0.7925 dividend. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, June 28th. Ventas’s dividend payout ratio (DPR) is presently 77.89%.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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