Ventas, Inc. (NYSE:VTR) – Equities researchers at KeyCorp increased their Q2 2019 earnings per share (EPS) estimates for shares of Ventas in a research note issued to investors on Thursday, June 20th. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will earn $0.98 per share for the quarter, up from their prior forecast of $0.95. KeyCorp also issued estimates for Ventas’ Q3 2019 earnings at $0.96 EPS, Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $3.92 EPS, Q1 2020 earnings at $0.99 EPS, Q2 2020 earnings at $1.00 EPS, Q3 2020 earnings at $1.02 EPS, Q4 2020 earnings at $1.03 EPS and FY2020 earnings at $4.04 EPS.
Ventas (NYSE:VTR) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $942.80 million during the quarter, compared to analysts’ expectations of $908.61 million. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS.
Ventas stock opened at $69.45 on Monday. The stock has a market cap of $25.28 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 4.59 and a beta of 0.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56. Ventas has a 1 year low of $51.80 and a 1 year high of $73.74. The firm has a 50-day moving average of $65.35.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Securities Inc. lifted its stake in Ventas by 56.3% during the fourth quarter. Comerica Securities Inc. now owns 6,942 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 2,500 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Ventas by 30.1% during the fourth quarter. Mackenzie Financial Corp now owns 14,579 shares of the real estate investment trust’s stock worth $854,000 after purchasing an additional 3,371 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in Ventas by 43.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 1,595 shares during the last quarter. Synovus Financial Corp lifted its stake in Ventas by 20.3% during the fourth quarter. Synovus Financial Corp now owns 3,454 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 582 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Ventas by 13.9% during the fourth quarter. Prudential Financial Inc. now owns 621,061 shares of the real estate investment trust’s stock worth $36,388,000 after purchasing an additional 75,880 shares during the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.
In other news, Director James D. Shelton sold 5,940 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $64.79, for a total value of $384,852.60. Following the completion of the sale, the director now owns 46,860 shares in the company, valued at approximately $3,036,059.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP T Richard Riney sold 29,702 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $70.45, for a total transaction of $2,092,505.90. Following the completion of the sale, the executive vice president now owns 163,488 shares of the company’s stock, valued at approximately $11,517,729.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 181,806 shares of company stock valued at $12,356,711. Company insiders own 1.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be issued a $0.7925 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $3.17 annualized dividend and a dividend yield of 4.56%. Ventas’s dividend payout ratio is currently 77.89%.
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
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