Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Friday, February 9th, Zacks reports. Stockholders of record on Monday, April 2nd will be paid a dividend of 0.79 per share by the real estate investment trust on Thursday, April 12th. This represents a $3.16 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Thursday, March 29th.
Ventas has decreased its dividend payment by an average of 7.8% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Ventas has a dividend payout ratio of 76.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Ventas to earn $4.18 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 75.6%.
VTR stock opened at $48.11 on Friday. The firm has a market cap of $17,567.09, a P/E ratio of 12.76, a PEG ratio of 3.21 and a beta of 0.14. Ventas has a 52 week low of $47.94 and a 52 week high of $72.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.20 and a current ratio of 1.20.
Several equities analysts have recently weighed in on the stock. Deutsche Bank decreased their price target on shares of Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, March 19th. TheStreet cut shares of Ventas from a “b-” rating to a “c+” rating in a research note on Thursday, March 8th. Jefferies Group reaffirmed a “hold” rating and set a $54.00 price target on shares of Ventas in a research note on Tuesday, February 13th. Citigroup decreased their price target on shares of Ventas from $66.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, February 13th. Finally, Wells Fargo set a $54.00 price target on shares of Ventas and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.23.
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Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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