What is Wedbush’s Forecast for Ventas FY2024 Earnings?

Ventas, Inc. (NYSE:VTR) – Equities research analysts at Wedbush reduced their FY2024 earnings per share estimates for Ventas in a report issued on Monday, November 4th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $3.18 per share for the year, down from their prior estimate of $3.30. Wedbush has a “Outperform” rating and a $71.00 price objective on the stock. The consensus estimate for Ventas’ current full-year earnings is $3.16 per share. Wedbush also issued estimates for Ventas’ Q4 2024 earnings at $0.81 EPS and FY2025 earnings at $3.39 EPS.

Other research analysts have also issued reports about the stock. Royal Bank of Canada lifted their price objective 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. Wolfe Research upgraded Ventas to a “strong-buy” rating in a research report on Friday, August 9th. StockNews.com raised Ventas from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Evercore ISI boosted their target price on Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $61.00 to $71.00 in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.63.

Ventas Stock Performance

Shares of Ventas stock opened at $64.45 on Wednesday. The firm’s fifty day simple moving average is $63.91 and its 200-day simple moving average is $55.86. Ventas has a 12 month low of $41.45 and a 12 month high of $67.61. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of -380.27, a PEG ratio of 2.86 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Trading of Ventas

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Wealth Advisors LLC increased its position in Ventas by 42.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,443 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 1,615 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Ventas during the third quarter valued at $224,000. MAI Capital Management increased its position in Ventas by 5.1% during the 3rd quarter. MAI Capital Management now owns 15,969 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 782 shares in the last quarter. Swiss National Bank raised its stake in Ventas by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,201,368 shares of the real estate investment trust’s stock valued at $77,044,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Ventas by 5.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 90,875 shares of the real estate investment trust’s stock valued at $5,828,000 after purchasing an additional 4,603 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Activity

In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the stock in a transaction dated 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 approximately $62,360,514.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ventas news, CEO Debra A. Cafaro sold 6,827 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $63.20, for a total value of $431,466.40. Following the sale, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $62,360,514.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares of the company’s stock, valued at approximately $5,900,767.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,454 shares of company stock worth $9,263,815 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.79%. Ventas’s payout ratio is currently -1,058.76%.

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.