Analysts forecast that Ventas, Inc. (NYSE:VTR) will announce sales of $918.09 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ventas’ earnings, with the highest sales estimate coming in at $922.90 million and the lowest estimate coming in at $911.10 million. Ventas posted sales of $899.93 million during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The business is expected to announce its next quarterly earnings results on Friday, October 26th.
On average, analysts expect that Ventas will report full-year sales of $3.70 billion for the current financial year, with estimates ranging from $3.64 billion to $3.74 billion. For the next year, analysts anticipate that the firm will report sales of $3.76 billion per share, with estimates ranging from $3.71 billion to $3.79 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Ventas.
Ventas (NYSE:VTR) last announced its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $942.30 million for the quarter, compared to analyst estimates of $919.95 million. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share.
Shares of Ventas stock traded down $1.15 during trading on Friday, hitting $57.86. 2,054,329 shares of the stock traded hands, compared to its average volume of 1,586,234. The firm has a market cap of $21.00 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.85 and a beta of 0.12. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97. Ventas has a 52-week low of $46.55 and a 52-week high of $69.53.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Monday, October 1st will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.46%. Ventas’s dividend payout ratio (DPR) is presently 75.96%.
In other Ventas news, Chairman Debra A. Cafaro sold 30,942 shares of Ventas stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $58.00, for a total value of $1,794,636.00. Following the transaction, the chairman now owns 775,109 shares in the company, valued at $44,956,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $60.00, for a total value of $822,480.00. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Advisors LLC grew its stake in Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,967 shares during the last quarter. Howe & Rusling Inc. grew its stake in Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 2,000 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 2,341 shares in the last quarter. Signaturefd LLC boosted its holdings in Ventas by 83.9% in the second quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Ventas in the second quarter worth about $188,000. Institutional investors own 84.46% of the company’s stock.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 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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