Ventas (VTR) Scheduled to Post Quarterly Earnings on Wednesday

Ventas (NYSE:VTR - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Ventas to post earnings of $0.80 per share for the quarter. Ventas has set its FY24 guidance at $3.12-3.18 EPS and its FY 2024 guidance at 3.120-3.180 EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.74). Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, analysts expect Ventas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ventas Price Performance

Shares of VTR traded up $1.01 during trading hours on Wednesday, reaching $65.86. The stock had a trading volume of 2,031,312 shares, compared to its average volume of 2,383,715. Ventas has a 12 month low of $40.98 and a 12 month high of $66.08. The stock has a market capitalization of $26.66 billion, a PE ratio of -346.63, a PEG ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The company's 50-day moving average is $62.77 and its two-hundred day moving average is $54.31.

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas's payout ratio is -947.37%.

Analysts Set New Price Targets

VTR has been the subject of several analyst reports. Wolfe Research raised Ventas to a "strong-buy" rating in a research report on Friday, August 9th. Evercore ISI raised their target price on Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Wedbush raised their target price on Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com lowered Ventas from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Royal Bank of Canada raised their target price on Ventas from $52.00 to $63.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $63.63.

Insider Activity

In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at $5,761,255.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Debra A. Cafaro sold 40,079 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total value of $2,296,125.91. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Peter J. Bulgarelli sold 3,784 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the sale, the chief executive officer now owns 104,295 shares of the company's stock, valued at approximately $5,761,255.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock worth $4,526,464 in the last three months. Company insiders own 1.00% of the company's stock.

About Ventas

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.