Wall Street brokerages expect Ventas, Inc. (NYSE:VTR) to post $950.32 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Ventas’ earnings, with the highest sales estimate coming in at $981.10 million and the lowest estimate coming in at $934.06 million. Ventas reported sales of $936.54 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The company is scheduled to report its next earnings report on Friday, October 25th.
According to Zacks, analysts expect that Ventas will report full-year sales of $3.77 billion for the current financial year, with estimates ranging from $3.69 billion to $3.88 billion. For the next fiscal year, analysts expect that the business will post sales of $3.87 billion, with estimates ranging from $3.71 billion to $4.21 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Ventas.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.38). The business had revenue of $950.70 million for the quarter, compared to analyst estimates of $931.16 million. Ventas had a return on equity of 4.78% and a net margin of 13.34%. Ventas’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS.
In other news, EVP John D. Cobb sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $72.54, for a total transaction of $725,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Debra A. Cafaro sold 68,084 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.54, for a total value of $4,530,309.36. Following the transaction, the chairman now owns 805,835 shares of the company’s stock, valued at $53,620,260.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,866 shares of company stock valued at $12,048,458. Company insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. purchased a new position in Ventas in the second quarter valued at $207,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in Ventas by 5.0% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 17,471 shares of the real estate investment trust’s stock valued at $1,194,000 after purchasing an additional 839 shares during the period. Barings LLC purchased a new position in Ventas in the second quarter valued at $858,000. Colony Group LLC boosted its holdings in Ventas by 858.9% in the second quarter. Colony Group LLC now owns 54,377 shares of the real estate investment trust’s stock valued at $3,717,000 after purchasing an additional 48,706 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Ventas by 407.3% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,522 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 1,222 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.
VTR stock traded up $0.15 during midday trading on Friday, hitting $72.67. 1,090,572 shares of the company’s stock were exchanged, compared to its average volume of 2,146,723. The business has a 50-day simple moving average of $69.57 and a two-hundred day simple moving average of $65.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $27.27 billion, a PE ratio of 17.86, a P/E/G ratio of 6.01 and a beta of 0.27. Ventas has a 1-year low of $51.80 and a 1-year high of $73.75.
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, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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