Ventas (NYSE:VTR) Updates FY24 Earnings Guidance

Ventas (NYSE:VTR) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $3.12-3.18 for the period, compared to the consensus earnings per share estimate of $3.17. Ventas also updated its FY 2024 guidance to 3.120-3.180 EPS.

Ventas Trading Up 1.6 %

Shares of VTR traded up $0.86 during midday trading on Thursday, reaching $55.30. The company had a trading volume of 2,664,716 shares, compared to its average volume of 2,265,874. The firm has a 50 day simple moving average of $51.11 and a 200-day simple moving average of $47.08. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.43. The stock has a market cap of $22.38 billion, a PE ratio of -289.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.33. Ventas has a 1-year low of $39.33 and a 1-year high of $55.54.

Ventas Dividend Announcement

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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Monday, July 1st. Ventas’s dividend payout ratio (DPR) is presently -947.32%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Peter J. Bulgarelli 668 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Peter J. Bulgarelli 668 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert F. Probst sold 18,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total transaction of $871,535.00. Following the completion of the sale, the chief financial officer now directly owns 176,403 shares in the company, valued at $8,310,345.33. The disclosure for this sale can be found here. Insiders sold a total of 35,270 shares of company stock worth $1,672,966 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.