Ventas (NYSE:VTR) Releases FY 2024 Earnings Guidance

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

Ventas Stock Down 2.0 %

Shares of NYSE:VTR traded down $1.30 during mid-day trading on Friday, hitting $64.19. 2,883,925 shares of the company traded hands, compared to its average volume of 2,163,413. The stock has a market cap of $26.52 billion, a P/E ratio of -377.57, a P/E/G ratio of 2.91 and a beta of 1.36. The stock has a 50-day moving average price of $63.70 and a two-hundred day moving average price of $55.32. Ventas has a 12-month low of $41.45 and a 12-month high of $67.61. The company has a current ratio of 1.04, a quick ratio of 0.58 and a debt-to-equity ratio of 1.39.

Ventas (NYSE:VTR) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.74). Ventas had a negative return on equity of 0.69% and a negative net margin of 1.38%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Ventas will post 3.16 earnings per share for the current year.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Tuesday, October 1st. Ventas’s payout ratio is -1,058.76%.

Analyst Upgrades and Downgrades

VTR has been the subject of several recent analyst reports. Wolfe Research raised Ventas to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised their target price on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Evercore ISI raised their price objective on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Scotiabank boosted their target price on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.63.

Insider Activity

In other news, CFO Robert F. Probst sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total value of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares of the company’s stock, valued at $9,207,444.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total value of $431,466.40. Following the completion of the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $62,360,514.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert F. Probst sold 20,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $58.87, for a total transaction of $1,177,400.00. Following the completion of the transaction, the chief financial officer now directly owns 156,403 shares in the company, valued at approximately $9,207,444.61. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 200,533 shares of company stock valued at $12,737,341 over the last quarter. Company insiders own 1.00% of the company’s stock.

Ventas Company Profile

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.