Ventas, Inc. Plans Quarterly Dividend of $0.45 (NYSE:VTR)

Ventas, Inc. (NYSE:VTRGet Rating) announced a quarterly dividend on Wednesday, May 25th, RTT News reports. Shareholders of record on Friday, July 1st will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, July 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.13%.

Ventas has decreased its dividend by an average of 17.1% annually over the last three years. Ventas has a dividend payout ratio of 473.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ventas to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 54.2%.

NYSE:VTR traded up $1.27 during trading hours on Wednesday, hitting $57.48. 1,473,621 shares of the stock were exchanged, compared to its average volume of 2,379,970. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average price is $58.88 and its 200 day moving average price is $54.39. The company has a market cap of $22.97 billion, a P/E ratio of 147.39, a P/E/G ratio of 3.20 and a beta of 1.16. Ventas has a 52-week low of $45.44 and a 52-week high of $64.02.

In other Ventas news, CEO Debra A. Cafaro sold 17,400 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $62.49, for a total transaction of $1,087,326.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Debra A. Cafaro sold 69,602 shares of Ventas stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $63.40, for a total transaction of $4,412,766.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,802 shares of company stock worth $7,447,849. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in Ventas by 3.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,993,090 shares of the real estate investment trust’s stock valued at $246,613,000 after purchasing an additional 131,839 shares during the period. Prudential Financial Inc. grew its stake in Ventas by 5.1% in the first quarter. Prudential Financial Inc. now owns 731,480 shares of the real estate investment trust’s stock valued at $45,176,000 after purchasing an additional 35,219 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ventas by 60.6% during the 4th quarter. Allianz Asset Management GmbH now owns 725,811 shares of the real estate investment trust’s stock worth $37,103,000 after acquiring an additional 274,002 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Ventas by 1.9% during the 4th quarter. California State Teachers Retirement System now owns 697,982 shares of the real estate investment trust’s stock worth $35,681,000 after acquiring an additional 13,223 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Ventas during the 1st quarter worth about $40,554,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

A number of analysts recently commented on VTR shares. Credit Suisse Group raised Ventas from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $53.00 to $63.00 in a research note on Wednesday, May 18th. Royal Bank of Canada lifted their target price on Ventas from $62.00 to $63.00 in a research report on Friday, May 20th. Raymond James lifted their price target on Ventas from $60.00 to $67.00 and gave the company a “strong-buy” rating in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft increased their price target on Ventas from $64.00 to $67.00 in a research report on Wednesday, April 27th. Finally, BMO Capital Markets upgraded Ventas from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $57.00 to $67.00 in a research report on Friday, March 11th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $64.42.

About Ventas (Get Rating)

Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries – healthcare and real estate. As one of the world's foremost Real Estate Investment Trusts (REIT), we use the power of capital to unlock the value of real estate, partnering with leading care providers, developers, research and medical institutions, innovators and healthcare organizations whose success is buoyed by the demographic tailwind of an aging population.

See Also

Dividend History for Ventas (NYSE:VTR)

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