Ventas, Inc. (VTR) Announces $0.78 Quarterly Dividend
Ventas, Inc. (NYSE:VTR) announced a quarterly dividend on Wednesday, August 30th, RTT News reports. Shareholders of record on Tuesday, September 12th will be given a dividend of 0.775 per share by the real estate investment trust on Friday, September 29th. This represents a $3.10 dividend on an annualized basis and a yield of 4.57%.
Ventas has increased its dividend payment by an average of 2.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Ventas has a payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ventas to earn $4.28 per share next year, which means the company should continue to be able to cover its $3.10 annual dividend with an expected future payout ratio of 72.4%.
Ventas (VTR) traded down 0.3645% during mid-day trading on Wednesday, reaching $67.5429. 96,039 shares of the company’s stock were exchanged. The company has a market capitalization of $24.06 billion, a P/E ratio of 34.2163 and a beta of 0.07. Ventas has a 52 week low of $56.20 and a 52 week high of $74.48. The company’s 50 day moving average price is $67.04 and its 200-day moving average price is $65.64.
Ventas (NYSE:VTR) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The company had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. During the same quarter last year, the firm earned $0.42 EPS. Ventas’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that Ventas will post $1.82 earnings per share for the current fiscal year.
Several equities analysts recently commented on VTR shares. BidaskClub upgraded Ventas from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Mitsubishi UFJ Financial Group assumed coverage on Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price objective for the company. Mizuho reiterated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price objective on shares of Ventas in a research report on Tuesday. Five research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Ventas has an average rating of “Hold” and a consensus price target of $64.57.
In related news, Chairman Debra A. Cafaro sold 100,000 shares of Ventas stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total transaction of $6,912,000.00. Following the completion of the sale, the chairman now directly owns 819,835 shares of the company’s stock, valued at $56,666,995.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.
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Ventas Company Profile
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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