Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Monday, January 1st, NASDAQ reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.45 per share by the real estate investment trust on Tuesday, July 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, June 30th.
Ventas has increased its dividend by an average of 712.8% per year over the last three years and has raised its dividend every year for the last 9 years. Ventas has a payout ratio of 537.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ventas to earn $3.16 per share next year, which means the company may not be able to cover its $3.17 annual dividend with an expected future payout ratio of 100.3%.
Shares of VTR opened at $35.72 on Monday. The stock’s 50-day moving average is $35.23 and its two-hundred day moving average is $43.74. The stock has a market cap of $13.33 billion, a PE ratio of 17.01, a P/E/G ratio of 3.81 and a beta of 1.07. Ventas has a 12 month low of $13.35 and a 12 month high of $75.40. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.86 and a quick ratio of 2.86.
Ventas (NYSE:VTR) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.08. Ventas had a return on equity of 7.26% and a net margin of 19.80%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $969.85 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts anticipate that Ventas will post 3.13 earnings per share for the current year.
VTR has been the topic of a number of analyst reports. Citigroup dropped their target price on Ventas from $63.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Investment Research raised Ventas from a “sell” rating to a “hold” rating and set a $40.00 target price on the stock in a research report on Saturday, May 30th. Mizuho dropped their target price on Ventas from $60.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Bank of America lowered Ventas from a “neutral” rating to an “underperform” rating in a report on Monday, March 23rd. Finally, Raymond James lowered their price objective on Ventas from $43.00 to $40.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 29th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.88.
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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