Ventas, Inc. (NYSE:VTR – Free Report) – Wedbush cut their Q4 2023 earnings per share (EPS) estimates for shares of Ventas in a research note issued to investors on Tuesday, November 7th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $0.76 for the quarter, down from their previous estimate of $0.77. Wedbush currently has a “Outperform” rating and a $51.00 target price on the stock. The consensus estimate for Ventas’ current full-year earnings is $2.98 per share. Wedbush also issued estimates for Ventas’ FY2024 earnings at $3.25 EPS.
Several other equities research analysts also recently issued reports on VTR. Raymond James downgraded Ventas from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $55.00 to $53.00 in a report on Wednesday, September 20th. JPMorgan Chase & Co. dropped their price target on Ventas from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Wednesday, August 30th. StockNews.com lowered Ventas from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets reduced their price objective on Ventas from $52.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, September 22nd. Finally, Morgan Stanley boosted their price objective on Ventas from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.85.
Ventas Price Performance
Shares of VTR stock opened at $44.05 on Wednesday. The stock’s fifty day simple moving average is $42.57 and its 200 day simple moving average is $44.76. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.43 and a quick ratio of 0.20. Ventas has a one year low of $39.33 and a one year high of $53.15. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 231.85, a P/E/G ratio of 2.15 and a beta of 1.26.
Ventas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Monday, October 2nd were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 4.09%. Ventas’s payout ratio is 947.42%.
Institutional Trading of Ventas
A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Ventas by 12.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,167,278 shares of the real estate investment trust’s stock valued at $1,284,197,000 after purchasing an additional 2,924,324 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Ventas by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 19,691,981 shares of the real estate investment trust’s stock worth $829,619,000 after acquiring an additional 331,019 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ventas by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 9,229,133 shares of the real estate investment trust’s stock valued at $435,218,000 after purchasing an additional 71,901 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Ventas by 37.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 6,602,496 shares of the real estate investment trust’s stock valued at $312,100,000 after purchasing an additional 1,801,365 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ventas by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,746,355 shares of the real estate investment trust’s stock valued at $271,635,000 after purchasing an additional 60,495 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns or has investments in a highly diversified portfolio of approximately 1,400 properties in the United States, Canada, and the United Kingdom.
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