Ventas (NYSE:VTR – Get Free Report) 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
Check Out Our Latest Research Report on VTR
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.
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