Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.140-3.180 for the period, compared to the consensus EPS 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 1.5 %

Shares of VTR stock opened at $65.45 on Friday. Ventas has a 12 month low of $41.45 and a 12 month high of $67.61. 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 has a 50 day simple moving average of $63.60 and a two-hundred day simple moving average of $55.17.

Ventas (NYSE:VTR) last announced its earnings results 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Ventas had a negative net margin of 1.38% and a negative return on equity of 0.70%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, analysts expect that Ventas will post 3.18 EPS for the current fiscal year.

Ventas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.75%. Ventas’s payout ratio is currently -1,058.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of Ventas from $59.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Wolfe Research upgraded shares of Ventas to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upped their target price on shares of Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. StockNews.com lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Evercore ISI increased their price objective on shares of Ventas from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.63.

Insider Activity

In other news, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction on 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 owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Debra A. Cafaro sold 40,079 shares of the stock in a transaction on 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 owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 90,795 shares in the company, 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. Over the last quarter, insiders have sold 200,533 shares of company stock valued at $12,737,341. 1.00% of the stock is currently owned by company 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.