Ventas (NYSE:VTR) Issues FY24 Earnings Guidance

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

Ventas Stock Performance

Shares of NYSE VTR traded up $1.10 during midday trading on Friday, hitting $56.40. The stock had a trading volume of 3,581,050 shares, compared to its average volume of 1,724,488. The company’s 50-day simple moving average is $51.45 and its 200 day simple moving average is $47.17. Ventas has a fifty-two week low of $39.33 and a fifty-two week high of $57.11. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.43.

Ventas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders 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 3.19%. Ventas’s dividend payout ratio (DPR) is currently -947.32%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CAO Gregory R. Liebbe sold 14,625 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $47.70, for a total value of $697,612.50. Following the sale, the chief accounting officer now directly owns 12,524 shares in the company, valued at $597,394.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Peter J. Bulgarelli 668 shares of Ventas stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Gregory R. Liebbe sold 14,625 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $47.70, for a total value of $697,612.50. Following the sale, the chief accounting officer now owns 12,524 shares in the company, valued at approximately $597,394.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,270 shares of company stock worth $1,672,966 over the last three months. 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.