Ventas (NYSE:VTR) Posts Earnings Results, Beats Estimates By $0.01 EPS

Ventas (NYSE:VTR) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01, Zacks reports. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS.

Ventas Stock Performance

VTR opened at $83.22 on Wednesday. The firm’s fifty day moving average is $87.67 and its 200 day moving average is $86.31. Ventas has a fifty-two week low of $68.15 and a fifty-two week high of $101.60.

Ventas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%.

Analyst Upgrades and Downgrades

VTR has been the topic of several recent research reports. Argus increased their price target on shares of Ventas from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Citigroup boosted their price objective on shares of Ventas from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Evercore set a $100.00 price objective on shares of Ventas and gave the company an “outperform” rating in a research report on Monday, September 21st. Wells Fargo & Company reduced their price objective on Ventas from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, Jefferies Financial Group decreased their target price on Ventas from $102.00 to $95.00 in a report on Monday, October 12th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.91.

About Ventas

Ventas, Inc (NYSE: VTR) is a real estate investment trust focused on healthcare and senior housing properties. The company owns, manages and develops a diversified portfolio of healthcare-related real estate, including senior living communities, medical office buildings, life science and innovation centers, and other properties serving healthcare providers and institutions.

Ventas generally leases its properties to healthcare operators, physicians, health systems, universities and research organizations.