Ventas (NYSE:VTR) Updates FY24 Earnings Guidance

Ventas (NYSE:VTRGet Free Report) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $3.07-3.18 for the period, compared to the consensus earnings per share estimate of $3.14.

Ventas Trading Down 1.6 %

NYSE:VTR opened at $42.86 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.51 and a quick ratio of 0.51. Ventas has a fifty-two week low of $39.33 and a fifty-two week high of $50.99. The stock’s 50-day moving average is $44.49 and its two-hundred day moving average is $44.99. The stock has a market cap of $17.25 billion, a PE ratio of -389.60, a price-to-earnings-growth ratio of 2.43 and a beta of 1.26.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Thursday, March 28th. Ventas’s dividend payout ratio (DPR) is currently -1,636.21%.

Analyst Ratings Changes

VTR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Ventas in a report on Tuesday, January 30th. They issued a buy rating and a $60.00 price objective on the stock. Mizuho upped their price target on Ventas from $53.00 to $56.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Wells Fargo & Company reiterated an equal weight rating and set a $46.00 price target (down previously from $52.00) on shares of Ventas in a research note on Monday, February 26th. StockNews.com cut shares of Ventas from a hold rating to a sell rating in a research note on Tuesday, February 13th. Finally, Bank of America upgraded shares of Ventas from a neutral rating to a buy rating and boosted their price objective for the stock from $48.00 to $53.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $51.43.

View Our Latest Stock Analysis on VTR

Institutional Investors Weigh In On Ventas

Several hedge funds have recently made changes to their positions in VTR. FIL Ltd increased its stake in Ventas by 34.5% in the fourth quarter. FIL Ltd now owns 123,681 shares of the real estate investment trust’s stock valued at $6,164,000 after acquiring an additional 31,700 shares during the period. Sanibel Captiva Trust Company Inc. bought a new stake in Ventas in the fourth quarter valued at about $860,000. Public Employees Retirement System of Ohio increased its stake in Ventas by 0.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 745,222 shares of the real estate investment trust’s stock valued at $37,142,000 after acquiring an additional 5,070 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Ventas by 7.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,457 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 963 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its stake in Ventas by 22.5% in the 4th quarter. Employees Retirement System of Texas now owns 228,399 shares of the real estate investment trust’s stock valued at $11,383,000 after buying an additional 42,000 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

About Ventas

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Ventas (NYSE:VTR)

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