Ventas (NYSE:VTR) Issues Quarterly Earnings Results

Ventas (NYSE:VTR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01, Zacks reports. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.77 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share.

Ventas Stock Performance

Shares of NYSE VTR traded down $4.20 during mid-day trading on Tuesday, reaching $83.22. 5,397,959 shares of the company were exchanged, compared to its average volume of 3,632,285. The company’s 50-day simple moving average is $87.67 and its 200-day simple moving average is $86.31. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $42.69 billion, a P/E ratio of 154.12, a P/E/G ratio of 3.39 and a beta of 0.72. Ventas has a twelve month low of $68.15 and a twelve month high of $101.60.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 30th. Ventas’s dividend payout ratio (DPR) is currently 385.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada boosted their price target on Ventas from $98.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Cantor Fitzgerald upped their price objective on Ventas from $97.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Mizuho raised their price objective on Ventas from $98.00 to $104.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ventas in a research report on Monday, October 19th. Eighteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.91.

Ventas Company Profile

Ventas, Inc (NYSE: VTR) is a real estate investment trust focused on healthcare and senior housing properties. The company owns, manages and develops a diversified portfolio of healthcare-related real estate, including senior living communities, medical office buildings, life science and innovation centers, and other properties serving healthcare providers and institutions.

Ventas generally leases its properties to healthcare operators, physicians, health systems, universities and research organizations.