Ventas (NYSE:VTR) Announces Quarterly Earnings Results

Ventas (NYSE:VTR) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.85), Zacks reports. Ventas had a return on equity of 1.86% and a net margin of 3.86%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 23.0% compared to the same quarter last year.

Ventas Price Performance

VTR stock traded up $0.98 during midday trading on Friday, reaching $84.69. The stock had a trading volume of 5,218,453 shares, compared to its average volume of 4,115,869. Ventas has a 52-week low of $72.66 and a 52-week high of $101.60. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.78. The company has a market cap of $44.79 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.31 and a beta of 0.77. The company’s fifty day simple moving average is $87.14 and its 200 day simple moving average is $86.43.

Ventas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. Ventas’s dividend payout ratio (DPR) is 392.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VTR shares. Citigroup lifted their price objective on Ventas from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Jefferies Financial Group reduced their target price on Ventas from $102.00 to $95.00 in a report on Monday, October 12th. Mizuho upped their target price on shares of Ventas from $98.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Ventas from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, The Goldman Sachs Group increased their target price on Ventas from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Eighteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.59.

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.