Ventas (NYSE:VTR) Issues FY 2024 Earnings Guidance

Ventas (NYSE:VTR) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.120-3.180 for the period, compared to the consensus EPS estimate of 3.180. The company issued revenue guidance of -. Ventas also updated its FY24 guidance to $3.12-3.18 EPS.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore ISI boosted their price objective on Ventas from $53.00 to $56.00 and gave the stock an outperform rating in a report on Tuesday, July 16th. Scotiabank upped their price target on Ventas from $47.00 to $51.00 and gave the stock a sector perform rating in a report on Thursday, May 16th. Wells Fargo & Company raised their price objective on Ventas from $46.00 to $49.00 and gave the company an equal weight rating in a research note on Thursday, May 30th. Finally, StockNews.com raised shares of Ventas from a sell rating to a hold rating in a report on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $51.92.

Ventas Stock Performance

Shares of VTR stock traded up $0.86 during trading hours on Thursday, hitting $55.30. 2,640,351 shares of the company were exchanged, compared to its average volume of 2,265,874. Ventas has a 52-week low of $39.33 and a 52-week high of $55.54. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $51.11 and a 200 day simple moving average of $47.08. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of -289.93, a P/E/G ratio of 2.42 and a beta of 1.33.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 1st were paid a $0.45 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.25%. Ventas’s payout ratio is presently -947.32%.

Insider Transactions at Ventas

In other news, insider Peter J. Bulgarelli 668 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ventas news, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the sale, the director now owns 26,031 shares in the company, valued at $1,259,900.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter J. Bulgarelli 668 shares of the company’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. In the last 90 days, insiders sold 35,270 shares of company stock worth $1,672,966. 1.00% of the stock is owned by company insiders.

About Ventas

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.