$870.19 Million in Sales Expected for Ventas, Inc. (VTR) This Quarter
Wall Street analysts expect Ventas, Inc. (NYSE:VTR) to announce sales of $870.19 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ventas’ earnings, with the lowest sales estimate coming in at $850.21 million and the highest estimate coming in at $890.17 million. Ventas reported sales of $867.12 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The company is expected to report its next quarterly earnings results on Friday, October 27th.
On average, analysts expect that Ventas will report full-year sales of $870.19 million for the current financial year, with estimates ranging from $3.42 billion to $3.57 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.58 billion per share, with estimates ranging from $3.49 billion to $3.68 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Ventas.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.61. Ventas had a net margin of 20.08% and a return on equity of 6.31%. The company had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis.
Several equities analysts have recently commented on the company. BidaskClub cut Ventas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $66.00 target price on shares of Ventas in a research note on Tuesday. Mizuho reiterated a “neutral” rating on shares of Ventas in a research note on Wednesday, June 28th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research note on Wednesday, June 21st. They set a “hold” rating and a $67.00 target price for the company. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Ventas presently has a consensus rating of “Hold” and an average price target of $64.57.
Ventas (VTR) traded up 0.50% during mid-day trading on Tuesday, reaching $68.78. 1,090,785 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $67.15 and its 200-day moving average price is $65.86. The company has a market capitalization of $24.50 billion, a P/E ratio of 34.84 and a beta of 0.07. Ventas has a 52 week low of $56.20 and a 52 week high of $74.32.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 12th will be given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Monday, September 11th. Ventas’s dividend payout ratio is presently 157.36%.
In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction on 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 sale, the chairman now directly owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Financial Architects Inc raised its stake in shares of Ventas by 0.3% in the second quarter. Financial Architects Inc now owns 3,604 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 12 shares in the last quarter. Good Life Advisors LLC raised its stake in shares of Ventas by 0.4% in the first quarter. Good Life Advisors LLC now owns 3,992 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 17 shares in the last quarter. Wagner Bowman Management Corp raised its stake in shares of Ventas by 0.8% in the second quarter. Wagner Bowman Management Corp now owns 3,128 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 26 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Ventas by 0.3% in the second quarter. CAPROCK Group Inc. now owns 9,205 shares of the real estate investment trust’s stock valued at $640,000 after buying an additional 27 shares in the last quarter. Finally, Cribstone Capital Management LLC raised its stake in shares of Ventas by 1.5% in the second quarter. Cribstone Capital Management LLC now owns 1,922 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 28 shares in the last quarter. 89.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
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