Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTRGet Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.100-3.180 for the period, compared to the consensus estimate of 3.170. The company issued revenue guidance of -. Ventas also updated its FY24 guidance to $3.10-3.18 EPS.

Ventas Stock Up 2.6 %

Shares of VTR opened at $50.26 on Friday. The stock has a 50 day moving average price of $45.24 and a 200 day moving average price of $45.89. Ventas has a one year low of $39.33 and a one year high of $50.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of -264.51, a PEG ratio of 2.55 and a beta of 1.25.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, July 1st. Ventas’s payout ratio is -947.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VTR shares. Wells Fargo & Company boosted their price target on shares of Ventas from $46.00 to $49.00 and gave the stock an equal weight rating in a research report on Thursday. Scotiabank raised their target price on shares of Ventas from $47.00 to $51.00 and gave the stock a sector perform rating in a research note on Thursday, May 16th. StockNews.com lowered Ventas from a hold rating to a sell rating in a research report on Tuesday, February 13th. Finally, Evercore ISI upgraded Ventas from an in-line rating to an outperform rating and set a $50.00 price objective on the stock in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Ventas presently has a consensus rating of Moderate Buy and a consensus target price of $51.46.

Check Out Our Latest Stock Analysis on VTR

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 2,145 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the completion of the transaction, the director now directly owns 26,031 shares in the company, valued at $1,259,900.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ventas news, CFO Robert F. Probst sold 18,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total value of $871,535.00. Following the completion of the transaction, the chief financial officer now owns 176,403 shares of the company’s stock, valued at approximately $8,310,345.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares of the company’s stock, valued at $1,259,900.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,270 shares of company stock valued at $1,672,966. Company insiders own 1.00% of the company’s stock.

Ventas Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Ventas (NYSE:VTR)

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