Equities analysts expect that Ventas, Inc. (NYSE:VTR) will announce sales of $904.82 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ventas’ earnings, with the lowest sales estimate coming in at $880.47 million and the highest estimate coming in at $922.90 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 0.5%. The business is scheduled to issue its next earnings report before the market opens on Friday, October 26th.
According to Zacks, analysts expect that Ventas will report full-year sales of $3.68 billion for the current fiscal year, with estimates ranging from $3.56 billion to $3.77 billion. For the next financial year, analysts forecast that the firm will post sales of $3.74 billion, with estimates ranging from $3.67 billion to $3.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Ventas.
Ventas (NYSE:VTR) last issued its earnings results on Friday, July 27th. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The business had revenue of $942.30 million during the quarter, compared to analyst estimates of $919.95 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.
In other Ventas news, EVP T Richard Riney sold 13,708 shares of Ventas stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total transaction of $822,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Legacy Advisors LLC boosted its stake in shares of Ventas by 5,960.6% in the 2nd quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 1,967 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Ventas by 591.7% in the 2nd quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,000 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Ventas by 3,729.4% in the 1st quarter. Summit Trail Advisors LLC now owns 159,648 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 155,479 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Ventas by 354.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 2,341 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Ventas by 83.9% in the 2nd quarter. Signaturefd LLC now owns 3,043 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 84.37% of the company’s stock.
Shares of Ventas stock opened at $55.94 on Friday. Ventas has a one year low of $46.55 and a one year high of $65.72. The stock has a market capitalization of $19.73 billion, a P/E ratio of 13.45, a PEG ratio of 3.77 and a beta of 0.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.56 and a quick ratio of 0.56.
The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, October 1st were paid a dividend of $0.79 per share. The ex-dividend date was Friday, September 28th. This represents a $3.16 dividend on an annualized basis and a yield of 5.65%. Ventas’s dividend payout ratio (DPR) is currently 75.96%.
Ventas Company Profile
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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