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Equity research analysts expect Ventas, Inc. (NYSE: VTR) to post earnings per share of $ 0.70 for the current quarter, Zack reports. Two analysts have released earnings estimates for Ventas. The highest EPS estimate is $ 0.72 and the lowest is $ 0.69. Ventas posted earnings of $ 0.83 per share in the same quarter last year, suggesting a negative growth rate of 15.7% year-over-year. The company is expected to announce its next quarterly results on Thursday, February 17.
According to Zacks, analysts expect Ventas to report annual earnings of $ 2.87 per share for the current year, with EPS estimates ranging from $ 2.86 to $ 2.90. For the next fiscal year, analysts predict the company will post earnings of $ 3.01 per share, with EPS estimates ranging from $ 2.80 to $ 3.09. Zacks’ EPS calculations are an average based on a survey of analysts who cover Ventas.
Ventas (NYSE: VTR) last released its results on Friday, November 5. The REIT reported EPS of $ 0.16 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.05 of $ 0.11. The company posted revenue of $ 976.10 million in the quarter, compared to a consensus estimate of $ 924.40 million. Ventas recorded a return on equity of 1.93% and a net margin of 5.38%. The company’s revenue for the quarter increased 6.2% from the same quarter last year. During the same period last year, the company posted $ 0.75 in EPS.
A number of stock analysts have published reports on VTR stocks. Raymond James downgraded Ventas from an “outperformance” rating to a “strong buy” rating and raised his price target for the company from $ 65 to $ 67 in a research note on Thursday, September 23. Citigroup downgraded Ventas from a âneutralâ rating to a âbuyâ rating and set a price target of $ 63.00 for the company in a research note on Tuesday, December 14. Deutsche Bank Aktiengesellschaft lifted Ventas from a “hold” rating to a “buy” rating and raised its price target for the company from $ 61.00 to $ 66.00 in a research note on Tuesday September 7. Capital One Financial reaffirmed an “equal weight” rating on Ventas shares in a research note on Friday, November 5. Finally, Morgan Stanley assumed cover of Ventas in a research note on Monday, October 4. They issued a âpeer-to-peerâ rating and a target price of $ 60.00 on the stock. Eight equity research analysts rated the stock with a conservation rating, seven gave the company’s stock a buy rating, and one gave the company’s stock a high buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 60.63.
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Institutional investors have recently increased or reduced their stakes in the company. Mcdonald Partners LLC purchased a new position in Ventas in the third quarter valued at $ 271,000. Comerica Bank increased its position in Ventas by 82.4% in the third quarter. Comerica Bank now owns 137,207 Real Estate Investment Trust shares worth $ 7,517,000 after acquiring an additional 61,977 shares during the last quarter. American International Group Inc. increased its position in Ventas by 2.7% in the third quarter. American International Group Inc. now owns 117,495 real estate investment trust shares valued at $ 6,487,000 after acquiring an additional 3,053 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ventas by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 4,254,152 real estate investment trust shares worth $ 234,872,000 after acquiring an additional 50,970 shares during the last quarter. Finally, National Pension Service strengthened its position in Ventas by 12.5% ââin the third quarter. The National Pension Service now owns 590,119 real estate investment trust shares worth $ 32,580,000 after acquiring an additional 65,506 shares in the last quarter. 91.41% of the shares are currently held by hedge funds and other institutional investors.
VTR shares opened at $ 51.12 on Friday. The company has a debt ratio of 1.08, a current ratio of 0.59, and a rapid ratio of 0.59. The stock has a 50-day moving average of $ 51.16 and a 200-day moving average of $ 55.00. The company has a market cap of $ 20.41 billion, a PE ratio of 96.45, a P / E / G ratio of 4.58 and a beta of 1.22. Ventas has a one-year low of $ 45.40 and a one-year high of $ 61.09.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 19. Shareholders of record on Monday January 3 will receive a dividend of $ 0.45. The ex-dividend date for this dividend is Friday December 31. This represents an annualized dividend of $ 1.80 and a dividend yield of 3.52%. Ventas’ payout ratio is currently 339.63%.
About Ventas
Ventas, Inc. engages in the acquisition and ownership of senior housing and health care properties. The company invests in senior housing and health properties through acquisitions and leases its properties to unaffiliated tenants or operates them through independent third party managers. It operates through the following segments: triple-net leased properties, senior residence operations and office operations.
Read more: Distribution of capital gains
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