Brokers Offer Predictions for Ventas, Inc.'s FY2024 Earnings (NYSE:VTR)

Ventas, Inc. (NYSE:VTR - Free Report) - Research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Ventas in a report issued on Wednesday, May 22nd. Zacks Research analyst R. Fatarpekar now anticipates that the real estate investment trust will post earnings of $3.15 per share for the year, down from their prior forecast of $3.17. The consensus estimate for Ventas' current full-year earnings is $3.16 per share. Zacks Research also issued estimates for Ventas' Q4 2024 earnings at $0.80 EPS, Q1 2025 earnings at $0.80 EPS, FY2025 earnings at $3.32 EPS and FY2026 earnings at $3.60 EPS.

VTR has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ventas in a research note on Tuesday, January 30th. They set a "buy" rating and a $60.00 price target for the company. StockNews.com downgraded Ventas from a "hold" rating to a "sell" rating in a research note on Tuesday, February 13th. Evercore ISI upgraded Ventas from an "in-line" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Monday, March 18th. Scotiabank upped their price target on Ventas from $47.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $46.00 target price (down previously from $52.00) on shares of Ventas in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.23.

Ventas Stock Down 2.6 %

Shares of VTR traded down $1.28 during trading hours on Thursday, hitting $47.19. 1,655,709 shares of the company were exchanged, compared to its average volume of 2,326,881. The company has a market cap of $19.10 billion, a PE ratio of -248.36, a PEG ratio of 2.51 and a beta of 1.25. The firm's 50 day moving average is $44.65 and its 200-day moving average is $45.68. Ventas has a 52 week low of $39.33 and a 52 week high of $50.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.63 and a current ratio of 0.63.

Ventas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Monday, July 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.81%. Ventas's dividend payout ratio (DPR) is presently -947.32%.

Insider Buying and Selling

In other Ventas news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the transaction, the director now owns 26,031 shares in the company, valued at approximately $1,259,900.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Walter C. Rakowich sold 2,145 shares of Ventas stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total value of $103,818.00. Following the completion of the sale, the director now directly owns 26,031 shares of the company's stock, valued at approximately $1,259,900.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Probst sold 18,500 shares of Ventas stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total value of $871,535.00. Following the completion of the sale, the chief financial officer now directly owns 176,403 shares of the company's stock, valued at $8,310,345.33. The disclosure for this sale can be found here. Insiders sold 35,270 shares of company stock worth $1,672,966 in the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ventas

Several hedge funds and other institutional investors have recently made changes to their positions in VTR. Allspring Global Investments Holdings LLC grew its stake in shares of Ventas by 2.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,197 shares of the real estate investment trust's stock worth $1,483,000 after purchasing an additional 882 shares during the period. California Public Employees Retirement System grew its stake in shares of Ventas by 1.2% during the third quarter. California Public Employees Retirement System now owns 776,160 shares of the real estate investment trust's stock worth $32,700,000 after purchasing an additional 9,194 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Ventas by 15.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,289 shares of the real estate investment trust's stock worth $433,000 after purchasing an additional 1,376 shares during the period. Private Advisor Group LLC grew its stake in shares of Ventas by 38.0% during the third quarter. Private Advisor Group LLC now owns 8,153 shares of the real estate investment trust's stock worth $343,000 after purchasing an additional 2,246 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Ventas by 2.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 553,904 shares of the real estate investment trust's stock worth $23,336,000 after purchasing an additional 13,778 shares during the period. 94.18% of the stock is owned by institutional investors and hedge funds.

About Ventas

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.