What is Wedbush's Forecast for Ventas FY2024 Earnings?

Ventas, Inc. (NYSE:VTR - Free Report) - Equities research analysts at Wedbush decreased their FY2024 EPS estimates for Ventas in a research note issued on Monday, November 4th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $3.18 per share for the year, down from their prior forecast of $3.30. Wedbush has a "Outperform" rating and a $71.00 price objective on the stock. The consensus estimate for Ventas' current full-year earnings is $3.16 per share. Wedbush also issued estimates for Ventas' Q4 2024 earnings at $0.81 EPS and FY2025 earnings at $3.39 EPS.

Several other research analysts have also commented on the company. Wolfe Research upgraded Ventas to a "strong-buy" rating in a research report on Friday, August 9th. Scotiabank lifted their target price on Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. StockNews.com upgraded shares of Ventas from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Finally, Evercore ISI upped their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ventas has a consensus rating of "Moderate Buy" and an average target price of $63.63.

Ventas Trading Down 1.9 %

Ventas stock traded down $1.25 during trading on Wednesday, hitting $63.22. The company had a trading volume of 3,068,170 shares, compared to its average volume of 2,397,692. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of -371.86, a price-to-earnings-growth ratio of 2.86 and a beta of 1.36. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. Ventas has a 1-year low of $41.45 and a 1-year high of $67.61. The company's 50 day simple moving average is $63.91 and its 200-day simple moving average is $55.86.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.85%. Ventas's dividend payout ratio (DPR) is currently -1,058.76%.

Insider Buying and Selling

In other news, CFO Robert F. Probst sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the sale, the chief financial officer now owns 156,403 shares in the company, valued at approximately $9,207,444.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Robert F. Probst sold 20,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the sale, the chief financial officer now directly owns 156,403 shares of the company's stock, valued at approximately $9,207,444.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Debra A. Cafaro sold 121,248 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $66.17, for a total transaction of $8,022,980.16. Following the completion of the sale, the chief executive officer now owns 986,717 shares of the company's stock, valued at approximately $65,291,063.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,454 shares of company stock worth $10,441,215. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Ventas

Several institutional investors have recently made changes to their positions in VTR. Natixis Advisors LLC increased its stake in Ventas by 19.5% in the 3rd quarter. Natixis Advisors LLC now owns 134,803 shares of the real estate investment trust's stock valued at $8,645,000 after purchasing an additional 21,950 shares in the last quarter. Empowered Funds LLC grew its stake in Ventas by 11.9% in the 3rd quarter. Empowered Funds LLC now owns 7,040 shares of the real estate investment trust's stock valued at $448,000 after acquiring an additional 748 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in Ventas during the 3rd quarter valued at about $241,000. CIBC Asset Management Inc raised its position in Ventas by 10.0% during the third quarter. CIBC Asset Management Inc now owns 59,761 shares of the real estate investment trust's stock worth $3,832,000 after acquiring an additional 5,421 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in Ventas by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 5,070 shares of the real estate investment trust's stock worth $325,000 after acquiring an additional 298 shares during the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

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.