Ventas, Inc. to Post Q3 2024 Earnings of $0.84 Per Share, Wedbush Forecasts (NYSE:VTR)

Ventas, Inc. (NYSE:VTR) – Analysts at Wedbush lifted their Q3 2024 earnings per share (EPS) estimates for shares of Ventas in a research report issued to clients and investors on Tuesday, September 10th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $0.84 per share for the quarter, up from their prior forecast of $0.79. Wedbush currently has a “Outperform” rating and a $71.00 target price on the stock. The consensus estimate for Ventas’ current full-year earnings is $3.18 per share. Wedbush also issued estimates for Ventas’ FY2024 earnings at $3.30 EPS.

Ventas (NYSE:VTR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. Ventas’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share.

VTR has been the topic of several other reports. Evercore ISI increased their target price on Ventas from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Scotiabank lifted their price objective on Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their price target on shares of Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Finally, StockNews.com upgraded shares of Ventas from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.91.

Ventas Trading Up 0.1 %

NYSE:VTR opened at $65.06 on Thursday. The stock has a market cap of $26.88 billion, a price-to-earnings ratio of -342.40, a PEG ratio of 2.89 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average price is $57.79 and its 200-day moving average price is $50.25. Ventas has a 52 week low of $39.33 and a 52 week high of $65.64.

Institutional Trading of Ventas

A number of hedge funds and other institutional investors have recently modified their holdings of VTR. First Community Trust NA bought a new position in shares of Ventas in the second quarter worth about $25,000. Manchester Capital Management LLC boosted its stake in Ventas by 77.9% in the 4th quarter. Manchester Capital Management LLC now owns 514 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 225 shares during the period. ORG Partners LLC bought a new position in Ventas in the 2nd quarter worth approximately $27,000. First Financial Corp IN purchased a new stake in Ventas during the 1st quarter valued at approximately $30,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Ventas during the second quarter valued at approximately $41,000. 94.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ventas

In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.24, for a total value of $209,028.16. Following the completion of the sale, the chief executive officer now directly owns 104,295 shares in the company, valued at approximately $5,761,255.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ventas news, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the sale, the chief executive officer now owns 90,795 shares in the company, valued at approximately $5,900,767.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 104,295 shares in the company, valued at approximately $5,761,255.80. The disclosure for this sale can be found here. Insiders have sold 77,065 shares of company stock worth $4,526,464 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.