Ventas (NYSE:VTR) Updates FY24 Earnings Guidance

Ventas (NYSE:VTR) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.12-3.18 for the period, compared to the consensus earnings per share estimate of $3.17. Ventas also updated its FY 2024 guidance to 3.120-3.180 EPS.

Ventas Stock Up 2.0 %

Ventas stock traded up $1.10 during midday trading on Friday, hitting $56.40. 3,581,050 shares of the company’s stock were exchanged, compared to its average volume of 1,724,488. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.43. Ventas has a 12 month low of $39.33 and a 12 month high of $57.11. The firm has a 50-day moving average of $51.45 and a two-hundred day moving average of $47.17.

Ventas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, July 1st. Ventas’s payout ratio is -947.32%.

Analyst Upgrades and Downgrades

VTR has been the topic of several recent research reports. Scotiabank increased their target price on shares of Ventas from $47.00 to $51.00 and gave the stock a sector perform rating in a report on Thursday, May 16th. Evercore ISI raised their price target on shares of Ventas from $53.00 to $56.00 and gave the company an outperform rating in a report on Tuesday, July 16th. Wells Fargo & Company raised their price target on shares of Ventas from $46.00 to $49.00 and gave the company an equal weight rating in a report on Thursday, May 30th. Finally, StockNews.com upgraded shares of Ventas from a sell rating to a hold rating in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ventas currently has an average rating of Moderate Buy and a consensus target price of $51.92.

Insider Activity at Ventas

In other Ventas news, CAO Gregory R. Liebbe sold 14,625 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the completion of the transaction, the chief accounting officer now directly owns 12,524 shares of the company’s stock, valued at approximately $597,394.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Ventas news, CAO Gregory R. Liebbe sold 14,625 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.70, for a total transaction of $697,612.50. Following the completion of the transaction, the chief accounting officer now directly owns 12,524 shares of the company’s stock, valued at approximately $597,394.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Probst sold 18,500 shares of Ventas stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total transaction of $871,535.00. Following the transaction, the chief financial officer now directly owns 176,403 shares of the company’s stock, valued at $8,310,345.33. The disclosure for this sale can be found here. Insiders sold 35,270 shares of company stock valued at $1,672,966 in the last three months. 1.00% of the stock is owned by insiders.

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.