Analysts forecast that Ventas, Inc. (NYSE:VTR) will post sales of $881.64 million for the current quarter, Zacks reports. Three analysts have issued estimates for Ventas’ earnings. The highest sales estimate is $892.80 million and the lowest is $860.51 million. Ventas posted sales of $875.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The business is expected to report its next quarterly earnings report on Friday, February 9th.
According to Zacks, analysts expect that Ventas will report full-year sales of $881.64 million for the current financial year, with estimates ranging from $3.45 billion to $3.59 billion. For the next financial year, analysts anticipate that the business will post sales of $3.59 billion per share, with estimates ranging from $3.51 billion to $3.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ventas.
Ventas (NYSE:VTR) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Ventas had a net margin of 32.96% and a return on equity of 6.34%. The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $893.18 million. During the same period last year, the company earned $1.03 earnings per share. Ventas’s revenue for the quarter was up 3.8% on a year-over-year basis.
VTR has been the subject of a number of research reports. Jefferies Group reissued a “hold” rating and issued a $66.00 price target on shares of Ventas in a report on Tuesday, August 29th. Royal Bank of Canada reissued a “buy” rating on shares of Ventas in a report on Wednesday, September 6th. KeyCorp reissued a “sell” rating and issued a $55.00 price target on shares of Ventas in a report on Sunday, September 17th. Bank of America downgraded shares of Ventas from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $72.00 to $71.00 in a report on Friday, September 22nd. Finally, Capital One Financial initiated coverage on shares of Ventas in a report on Monday, September 25th. They set an “equal weight” rating and a $69.00 price objective for the company. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $64.44.
Shares of Ventas (NYSE VTR) traded up $0.79 during trading on Friday, reaching $64.25. 3,190,213 shares of the company’s stock were exchanged, compared to its average volume of 1,492,310. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.06. Ventas has a 12-month low of $58.96 and a 12-month high of $72.36. The company has a market cap of $22,602.16, a P/E ratio of 15.22, a PEG ratio of 4.09 and a beta of 0.08.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. This is an increase from Ventas’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, December 29th. Ventas’s dividend payout ratio (DPR) is currently 95.09%.
A number of institutional investors and hedge funds have recently bought and sold shares of VTR. Amica Retiree Medical Trust acquired a new stake in Ventas in the 3rd quarter valued at about $131,000. Bronfman E.L. Rothschild L.P. increased its position in Ventas by 48.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,003 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 650 shares in the last quarter. Cable Hill Partners LLC acquired a new stake in Ventas in the 3rd quarter valued at about $174,000. Northern Capital Management LLC acquired a new stake in Ventas in the 2nd quarter valued at about $202,000. Finally, Carnick & Kubik Group LLC acquired a new stake in Ventas in the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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