Ventas (NYSE:VTR) Updates FY24 Earnings Guidance

Ventas (NYSE:VTR - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.10-$3.18 for the period, compared to the consensus earnings per share estimate of $3.15.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VTR. Mizuho increased their price target on shares of Ventas from $53.00 to $56.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Bank of America raised shares of Ventas from a neutral rating to a buy rating and increased their price target for the stock from $48.00 to $53.00 in a research note on Tuesday, January 16th. StockNews.com lowered shares of Ventas from a hold rating to a sell rating in a research report on Tuesday, February 13th. Wells Fargo & Company reissued an equal weight rating and issued a $46.00 price objective (down previously from $52.00) on shares of Ventas in a research report on Monday, February 26th. Finally, Evercore ISI raised shares of Ventas from an in-line rating to an outperform rating and set a $50.00 price objective for the company in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $51.25.

Ventas Stock Down 1.1 %

VTR traded down $0.47 during trading hours on Wednesday, reaching $43.81. 2,778,124 shares of the stock traded hands, compared to its average volume of 2,369,201. The firm's fifty day simple moving average is $43.27 and its two-hundred day simple moving average is $45.12. The company has a market cap of $17.70 billion, a price-to-earnings ratio of -398.24, a PEG ratio of 2.49 and a beta of 1.26. Ventas has a fifty-two week low of $39.33 and a fifty-two week high of $50.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.51 and a quick ratio of 0.51.

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Monday, April 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Ventas's payout ratio is -1,636.21%.

Ventas Company Profile

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.