Ventas (NYSE:VTR) Posts Earnings Results, Beats Expectations By $0.83 EPS

Ventas (NYSE:VTR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.83, Zacks reports. Ventas had a return on equity of 1.99% and a net margin of 4.08%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.77 billion.

Ventas Price Performance

Shares of VTR stock traded down $4.20 during midday trading on Tuesday, reaching $83.22. 5,397,959 shares of the company traded hands, compared to its average volume of 3,632,285. The firm’s 50 day simple moving average is $87.91 and its two-hundred day simple moving average is $86.22. The firm has a market cap of $42.69 billion, a PE ratio of 154.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.44 and a quick ratio of 0.44. Ventas has a 1-year low of $68.15 and a 1-year high of $101.60.

Ventas Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Ventas from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Citigroup raised their price target on Ventas from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ventas in a report on Monday, October 19th. Evercore set a $100.00 target price on shares of Ventas and gave the stock an “outperform” rating in a research report on Monday, September 21st. Finally, Royal Bank Of Canada lifted their target price on shares of Ventas from $98.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Eighteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.