Equities research analysts expect Ventas, Inc. (NYSE:VTR) to announce $947.24 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ventas’ earnings, with the highest sales estimate coming in at $968.40 million and the lowest estimate coming in at $934.06 million. Ventas reported sales of $936.54 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.1%. The company is scheduled to announce its next earnings results before the market opens on Friday, October 25th.
According to Zacks, analysts expect that Ventas will report full year sales of $3.77 billion for the current financial year, with estimates ranging from $3.69 billion to $3.86 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.86 billion, with estimates ranging from $3.71 billion to $4.12 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Ventas.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.38). The company had revenue of $950.70 million for the quarter, compared to analyst estimates of $931.16 million. Ventas had a return on equity of 4.78% and a net margin of 13.34%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS.
A number of equities research analysts recently issued reports on VTR shares. Barclays started coverage on Ventas in a research report on Tuesday, September 3rd. They set an “equal weight” rating and a $74.00 price target on the stock. ValuEngine downgraded Ventas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley increased their price target on Ventas from $61.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 17th. BMO Capital Markets reissued a “hold” rating and set a $73.00 price target on shares of Ventas in a research report on Monday, July 29th. Finally, Berenberg Bank started coverage on Ventas in a research report on Thursday, September 12th. They set a “hold” rating and a $72.00 price target on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.50.
In other Ventas news, EVP John D. Cobb sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $72.54, for a total value of $725,400.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Kavar Capital Partners LLC bought a new position in shares of Ventas in the 2nd quarter valued at $27,000. HM Payson & Co. bought a new position in shares of Ventas in the 2nd quarter valued at $29,000. Gradient Investments LLC lifted its stake in shares of Ventas by 1,007.7% in the 2nd quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 393 shares during the last quarter. Optimum Investment Advisors lifted its stake in shares of Ventas by 77.1% in the 3rd quarter. Optimum Investment Advisors now owns 496 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 216 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in shares of Ventas in the 2nd quarter valued at $12,440,000. 87.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:VTR opened at $71.99 on Wednesday. The company has a market capitalization of $27.24 billion, a P/E ratio of 17.69, a P/E/G ratio of 6.29 and a beta of 0.22. Ventas has a 1 year low of $54.57 and a 1 year high of $75.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day simple moving average is $72.92 and its 200 day simple moving average is $68.12.
The firm also recently announced a — dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were issued a $0.7925 dividend. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 30th. Ventas’s dividend payout ratio 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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