Ventas (NYSE:VTR) – Research analysts at Jefferies Group increased their Q3 2018 earnings estimates for shares of Ventas in a report released on Wednesday, May 16th. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings per share of $1.01 for the quarter, up from their prior estimate of $0.98. Jefferies Group currently has a “Hold” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for Ventas’ FY2018 earnings at $4.05 EPS, FY2019 earnings at $4.09 EPS and FY2020 earnings at $4.20 EPS.
Ventas (NYSE:VTR) last announced its earnings results on Friday, April 27th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.79). Ventas had a net margin of 34.04% and a return on equity of 5.24%. The business had revenue of $943.70 million during the quarter, compared to analysts’ expectations of $874.42 million. During the same period in the previous year, the company posted $0.55 earnings per share. Ventas’s quarterly revenue was up 6.8% on a year-over-year basis.
Shares of NYSE:VTR opened at $51.46 on Friday. Ventas has a one year low of $51.93 and a one year high of $52.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $18.54 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.42 and a beta of 0.07.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Ventas by 2.1% during the first quarter. BlackRock Inc. now owns 38,592,605 shares of the real estate investment trust’s stock worth $1,911,493,000 after acquiring an additional 795,890 shares during the last quarter. APG Asset Management US Inc. boosted its position in Ventas by 1.6% during the fourth quarter. APG Asset Management US Inc. now owns 14,750,063 shares of the real estate investment trust’s stock worth $885,151,000 after acquiring an additional 233,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ventas by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,296,048 shares of the real estate investment trust’s stock worth $262,313,000 after acquiring an additional 128,591 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Ventas by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 5,012,692 shares of the real estate investment trust’s stock worth $300,811,000 after acquiring an additional 40,957 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Ventas by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 4,424,050 shares of the real estate investment trust’s stock worth $265,013,000 after acquiring an additional 163,465 shares during the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.
In other news, Director Melody C. Barnes sold 3,963 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $53.37, for a total value of $211,505.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Debra A. Cafaro sold 30,944 shares of the stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $53.18, for a total transaction of $1,645,601.92. Following the completion of the sale, the chairman now owns 775,111 shares in the company, valued at $41,220,402.98. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Monday, July 2nd will be given a $0.79 dividend. The ex-dividend date is Friday, June 29th. This represents a $3.16 annualized dividend and a dividend yield of 6.14%. Ventas’s dividend payout ratio is presently 75.96%.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of more than 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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