Ventas (VTR) Issues Quarterly Earnings Results
Ventas (NYSE:VTR) announced its quarterly earnings data on Friday. The real estate investment trust reported $1.03 EPS for the quarter, meeting the consensus estimate of $1.03, RTT News reports. The business had revenue of $895.30 million during the quarter, compared to analyst estimates of $895.92 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Ventas updated its FY18 guidance to $3.80-3.89 EPS.
Ventas (VTR) traded up $0.67 on Friday, hitting $51.59. The stock had a trading volume of 5,881,703 shares, compared to its average volume of 3,099,969. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.06. The stock has a market cap of $18,374.50 and a price-to-earnings ratio of 13.68. Ventas has a 12-month low of $49.17 and a 12-month high of $72.36.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend was Friday, December 29th. This is a positive change from Ventas’s previous quarterly dividend of $0.78. Ventas’s payout ratio is currently 83.82%.
Several equities analysts have commented on the company. Stifel Nicolaus set a $56.00 price objective on Ventas and gave the company a “hold” rating in a research report on Friday. Mizuho set a $53.00 price objective on Ventas and gave the company a “hold” rating in a research report on Friday. Capital One Financial raised Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. BMO Capital Markets reissued a “sell” rating and set a $62.00 price objective on shares of Ventas in a research report on Wednesday, October 18th. Finally, SunTrust Banks set a $59.00 price objective on Ventas and gave the company a “hold” rating in a research report on Monday, January 22nd. Eight analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Ventas currently has a consensus rating of “Hold” and a consensus target price of $60.36.
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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