Ventas, Inc. (NYSE:VTR) Releases Earnings Results
Ventas, Inc. (NYSE:VTR) released its quarterly earnings data on Friday. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.61, Bloomberg Earnings reports. Ventas had a net margin of 20.10% and a return on equity of 6.34%. The firm had revenue of $895.49 million for the quarter, compared to analysts’ expectations of $890.01 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Ventas updated its FY17 guidance to $4.12-4.18 EPS.
Shares of Ventas (NYSE VTR) traded down 0.43% on Friday, hitting $67.12. 1,326,824 shares of the stock traded hands. The stock has a market cap of $23.83 billion, a P/E ratio of 34.56 and a beta of 0.08. The stock’s 50 day moving average price is $68.86 and its 200 day moving average price is $64.98. Ventas has a 52-week low of $56.20 and a 52-week high of $76.80.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th were paid a $0.775 dividend. The ex-dividend date was Friday, June 2nd. This represents a $3.10 annualized dividend and a dividend yield of 4.62%. Ventas’s dividend payout ratio is presently 157.36%.
A number of equities analysts have issued reports on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective on the stock. BMO Capital Markets reiterated a “sell” rating and set a $60.00 price target on shares of Ventas in a research report on Wednesday, April 12th. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Jefferies Group LLC boosted their price target on shares of Ventas from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, BidaskClub upgraded shares of Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Ventas presently has an average rating of “Hold” and an average target price of $66.22.
In other news, Chairman Debra A. Cafaro sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $69.12, for a total value of $6,912,000.00. Following the sale, the chairman now directly owns 819,835 shares in the company, valued at approximately $56,666,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC bought a new stake in Ventas during the first quarter worth approximately $123,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ventas by 2.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,436 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 65 shares during the last quarter. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Ventas during the second quarter valued at approximately $203,000. Trust Co. of Virginia VA acquired a new stake in shares of Ventas during the first quarter valued at approximately $202,000. Finally, Wagner Bowman Management Corp acquired a new stake in shares of Ventas during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 89.15% of the company’s stock.
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Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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