Ventas, Inc. (NYSE:VTR) announced its quarterly earnings data on Friday. The real estate investment trust reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61, Bloomberg Earnings reports. The firm had revenue of $895.49 million for the quarter, compared to analyst estimates of $890.01 million. Ventas had a return on equity of 6.34% and a net margin of 20.10%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. Ventas updated its FY17 guidance to $4.12-4.18 EPS.
Shares of Ventas (VTR) traded down 0.43% during mid-day trading on Friday, reaching $67.12. The company had a trading volume of 1,326,824 shares. Ventas has a one year low of $56.20 and a one year high of $76.57. The stock has a 50 day moving average of $68.86 and a 200-day moving average of $64.98. The firm has a market capitalization of $23.82 billion, a price-to-earnings ratio of 34.11 and a beta of 0.08.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Tuesday, June 6th were paid a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a yield of 4.62%. The ex-dividend date was Friday, June 2nd. Ventas’s payout ratio is presently 157.36%.
VTR has been the topic of several recent research reports. Mizuho restated a “neutral” rating on shares of Ventas in a research report on Wednesday, June 28th. BidaskClub upgraded Ventas from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $58.00 price target on shares of Ventas in a research report on Friday, April 7th. Mitsubishi UFJ Financial Group initiated coverage on Ventas in a research report on Wednesday, June 21st. They issued a “hold” rating and a $67.00 price target on the stock. Finally, BMO Capital Markets restated a “sell” rating and issued a $60.00 price target on shares of Ventas in a research report on Wednesday, April 12th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.22.
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In related news, Chairman Debra A. Cafaro sold 100,000 shares of the company’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 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 is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock worth $3,318,724,000 after buying an additional 1,110,305 shares in the last quarter. BlackRock Inc. raised its stake in Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares in the last quarter. State Street Corp raised its stake in Ventas by 1.6% in the first quarter. State Street Corp now owns 20,913,886 shares of the real estate investment trust’s stock worth $1,360,246,000 after buying an additional 333,064 shares in the last quarter. FMR LLC raised its stake in Ventas by 2.1% in the first quarter. FMR LLC now owns 20,832,215 shares of the real estate investment trust’s stock worth $1,354,927,000 after buying an additional 437,961 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.
About Ventas
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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