Ventas (VTR) Set to Announce Quarterly Earnings on Wednesday

Ventas (NYSE:VTR) will be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Ventas to post earnings of $0.80 per share for the quarter. Ventas has set its FY24 guidance at $3.12-3.18 EPS and its FY 2024 guidance at 3.120-3.180 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Ventas (NYSE:VTR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. On average, analysts expect Ventas to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ventas Stock Performance

Shares of VTR stock opened at $64.97 on Monday. The stock has a fifty day moving average price of $63.06 and a 200 day moving average price of $54.70. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $26.30 billion, a PE ratio of -341.95, a P/E/G ratio of 2.87 and a beta of 1.36. Ventas has a 1 year low of $40.98 and a 1 year high of $66.22.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Tuesday, October 1st. Ventas’s payout ratio is currently -947.37%.

Insider Activity at Ventas

In other news, CEO Peter J. Bulgarelli sold 3,784 shares of the business’s stock in a transaction that occurred 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Debra A. Cafaro sold 40,079 shares of Ventas stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total value of $2,296,125.91. Following the sale, the chief executive officer now directly owns 986,717 shares in the company, valued at $56,529,016.93. This trade represents a 0.00 % decrease in their position. The sale 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 the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,761,255.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock valued at $4,526,464 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VTR shares. 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. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. StockNews.com downgraded shares of Ventas from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Wedbush raised their target price on shares of Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI boosted their price target on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ventas has a consensus rating of “Moderate Buy” and a consensus price target of $63.63.

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.