Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.140-3.180 for the period, compared to the consensus earnings per share estimate of 3.170. The company issued revenue guidance of -. Ventas also updated its FY24 guidance to $3.14-3.18 EPS.

Ventas Price Performance

Shares of NYSE VTR traded up $0.46 during midday trading on Wednesday, hitting $66.49. The stock had a trading volume of 2,486,563 shares, compared to its average volume of 2,379,725. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $63.33 and a 200-day simple moving average of $55.02. The company has a market capitalization of $27.47 billion, a PE ratio of -165.32, a P/E/G ratio of 2.87 and a beta of 1.36. Ventas has a 1 year low of $41.45 and a 1 year high of $66.98.

Ventas (NYSE:VTR) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.74). Ventas had a negative return on equity of 1.63% and a negative net margin of 3.33%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Ventas will post 3.18 EPS for the current fiscal year.

Ventas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas’s dividend payout ratio (DPR) is presently -449.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VTR shares. Wells Fargo & Company raised shares of Ventas from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $61.00 to $71.00 in a report on Tuesday, October 1st. Scotiabank increased their price target on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. StockNews.com lowered shares of Ventas from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Wedbush increased their price objective on Ventas from $64.00 to $71.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Wolfe Research raised Ventas to a “strong-buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ventas has an average rating of “Moderate Buy” and an average target price of $63.63.

Insider Buying and Selling

In other Ventas news, CEO Debra A. Cafaro sold 6,004 shares of Ventas stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $66.11, for a total value of $396,924.44. Following the completion of the transaction, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $65,231,860.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Debra A. Cafaro sold 6,004 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $66.11, for a total value of $396,924.44. Following the completion of the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $65,231,860.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter J. Bulgarelli sold 3,784 shares of Ventas stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $55.24, for a total transaction of $209,028.16. Following the completion of the transaction, the chief executive officer now owns 104,295 shares of the company’s stock, valued at $5,761,255.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,069 shares of company stock valued at $4,923,389. Corporate insiders own 1.00% of the company’s stock.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.