Brokers Issue Forecasts for Ventas, Inc.’s Q3 2024 Earnings (NYSE:VTR)

Ventas, Inc. (NYSE:VTR) – Equities researchers at Wedbush increased their Q3 2024 EPS estimates for Ventas in a report issued on Tuesday, September 10th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $0.84 per share for the quarter, up from their prior estimate of $0.79. Wedbush has a “Outperform” rating and a $71.00 price objective on the stock. The consensus estimate for Ventas’ current full-year earnings is $3.16 per share. Wedbush also issued estimates for Ventas’ FY2024 earnings at $3.30 EPS.

Ventas (NYSE:VTR) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.74). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Ventas had a negative net margin of 3.33% and a negative return on equity of 1.63%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS.

Several other equities research analysts have also recently weighed in on VTR. Royal Bank of Canada increased their price objective on Ventas from $52.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wolfe Research raised shares of Ventas to a “strong-buy” rating in a report on Friday, August 9th. Scotiabank boosted their price objective on shares of Ventas from $55.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Wells Fargo & Company increased their target price on shares of Ventas from $46.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, Evercore ISI boosted their price target on Ventas from $61.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ventas presently has an average rating of “Moderate Buy” and a consensus target price of $56.91.

Ventas Stock Performance

VTR opened at $65.33 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $26.44 billion, a PE ratio of -343.84, a price-to-earnings-growth ratio of 2.80 and a beta of 1.36. The stock has a 50-day moving average of $57.27 and a 200-day moving average of $49.99. Ventas has a 52-week low of $39.33 and a 52-week high of $65.44.

Institutional Investors Weigh In On Ventas

Several institutional investors have recently bought and sold shares of VTR. Centersquare Investment Management LLC increased its position in shares of Ventas by 11.5% in the first quarter. Centersquare Investment Management LLC now owns 7,806,396 shares of the real estate investment trust’s stock valued at $345,667,000 after acquiring an additional 802,546 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ventas by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust’s stock valued at $304,047,000 after purchasing an additional 96,482 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Ventas by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,489,159 shares of the real estate investment trust’s stock worth $239,000,000 after purchasing an additional 413,564 shares during the last quarter. Norges Bank bought a new stake in shares of Ventas during the 4th quarter worth approximately $231,512,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Ventas in the 2nd quarter valued at approximately $135,425,000. Institutional investors own 94.18% of the company’s stock.

Insider Activity

In other news, CEO Debra A. Cafaro sold 40,079 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $57.29, for a total value of $2,296,125.91. Following the completion of the transaction, the chief executive officer now owns 986,717 shares of the company’s stock, valued at approximately $56,529,016.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the transaction, the chief executive officer now owns 90,795 shares in the company, valued at $5,900,767.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Debra A. Cafaro sold 40,079 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $57.29, for a total transaction of $2,296,125.91. Following the sale, the chief executive officer now owns 986,717 shares in the company, valued at $56,529,016.93. The disclosure for this sale can be found here. Insiders sold a total of 77,065 shares of company stock valued at $4,526,464 in the last ninety days. 1.00% of the stock is owned by insiders.

Ventas Company Profile

Ventas Inc (NYSE: VTR) is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.