Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTR) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.140-3.180 for the period, compared to the consensus EPS estimate of 3.170. The company issued revenue guidance of -. Ventas also updated its FY24 guidance to $3.14-3.18 EPS.

Wall Street Analyst Weigh In

A number of analysts have commented on VTR shares. Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. Evercore ISI increased their price target on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada raised their price objective on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Scotiabank upped their target price on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Wedbush increased their target price on shares of Ventas from $64.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.63.

Ventas Stock Performance

Shares of Ventas stock traded up $0.46 during trading hours on Wednesday, hitting $66.49. 2,486,563 shares of the company’s stock traded hands, compared to its average volume of 2,379,725. The company has a fifty day simple moving average of $63.48 and a 200-day simple moving average of $55.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of -166.22, a PEG ratio of 2.87 and a beta of 1.36. Ventas has a 12-month low of $41.45 and a 12-month high of $66.98.

Ventas (NYSE:VTR) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Equities research analysts anticipate that Ventas will post 3.18 EPS for the current fiscal year.

Ventas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Insider Buying and Selling at Ventas

In related news, CEO Debra A. Cafaro sold 40,079 shares of Ventas 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 owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Ventas news, CEO Peter J. Bulgarelli sold 3,784 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the sale, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 986,717 shares in the company, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,069 shares of company stock valued at $4,923,389. 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.