Ventas (NYSE:VTR) Announces Earnings Results

Key Points

• Ventas reported quarterly earnings of $0.99 per share, substantially exceeding the $0.16 consensus estimate, while revenue of $1.82 billion also topped expectations of $1.77 billion.
• Despite the earnings beat, Ventas shares fell 4.8% to $83.22. The stock trades at a high P/E ratio of 154.12 and remains below its 50-day moving average.
• The company maintains a quarterly dividend of $0.52 per share, equivalent to a 2.5% yield. Analysts remain broadly positive, with an average “Moderate Buy” rating and a consensus price target of $98.91.

Ventas (NYSE:VTR - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.83, Zacks reports. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.77 billion. Ventas had a net margin of 4.08% and a return on equity of 1.99%.

Ventas Stock Down 4.8%

NYSE:VTR traded down $4.20 on Tuesday, hitting $83.22. 5,397,959 shares of the company's stock were exchanged, compared to its average volume of 3,632,285. The firm has a 50-day moving average price of $87.91 and a 200-day moving average price of $86.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.44 and a quick ratio of 0.44. Ventas has a 52 week low of $68.15 and a 52 week high of $101.60. The company has a market cap of $42.69 billion, a P/E ratio of 154.12, a price-to-earnings-growth ratio of 3.39 and a beta of 0.72.

Ventas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, September 30th. Ventas's payout ratio is presently 385.19%.

Analyst Ratings Changes

Several equities research analysts recently commented on VTR shares. Royal Bank Of Canada boosted their price objective on shares of Ventas from $98.00 to $99.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. The Goldman Sachs Group increased their target price on Ventas from $110.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Evercore set a $100.00 target price on Ventas and gave the stock an "outperform" rating in a report on Monday, September 21st. Scotiabank lifted their price target on Ventas from $93.00 to $95.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 2nd. Finally, Citigroup boosted their price target on Ventas from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Eighteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ventas currently has an average rating of "Moderate Buy" and a consensus price target of $98.91.

About Ventas

Ventas, Inc NYSE: VTR is a real estate investment trust focused on healthcare and senior housing properties. The company owns, manages and develops a diversified portfolio of healthcare-related real estate, including senior living communities, medical office buildings, life science and innovation centers, and other properties serving healthcare providers and institutions.

Ventas generally leases its properties to healthcare operators, physicians, health systems, universities and research organizations.

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