Ventas, Inc. (VTR) to Issue Quarterly Dividend of $0.78 on September 29th

Ventas, Inc. (NYSE:VTR) announced a quarterly dividend on Wednesday, August 30th, RTT News reports. Investors of record on Tuesday, September 12th will be given a dividend of 0.775 per share by the real estate investment trust on Friday, September 29th. This represents a $3.10 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, September 11th.

Ventas has increased its dividend payment by an average of 2.7% annually over the last three years and has raised its dividend every year for the last 6 years. Ventas has a dividend payout ratio of 74.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ventas to earn $4.28 per share next year, which means the company should continue to be able to cover its $3.10 annual dividend with an expected future payout ratio of 72.4%.

Shares of Ventas (NYSE:VTR) opened at 69.47 on Friday. The company’s 50-day moving average is $67.17 and its 200-day moving average is $66.06. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 35.19 and a beta of 0.08. Ventas has a 12-month low of $56.20 and a 12-month high of $73.23.

Ventas (NYSE:VTR) last released its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The business had revenue of $895.49 million during the quarter, compared to the consensus estimate of $890.01 million. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that Ventas will post $1.82 EPS for the current year.

Several analysts have recently weighed in on the company. BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research report on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Ventas in a research report on Wednesday. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $66.00 target price on shares of Ventas in a research report on Tuesday, August 29th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $64.57.

In related news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares in the company, valued at $56,666,995.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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Ventas Company Profile

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.

Dividend History for Ventas (NYSE:VTR)

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