Ventas, Inc. Announces Quarterly Dividend of $0.48 (NYSE:VTR)

Key Points

• Ventas, Inc. declared a quarterly dividend of $0.48 per share, with payment scheduled for October 16th to stockholders of record as of September 30th, resulting in a 2.8% dividend yield.
• The company currently has a dividend payout ratio of 249.4%, indicating it is relying on its balance sheet to maintain dividend payments, although earnings projections suggest a more sustainable future payout ratio of 52.0%.
• After recent trading, Ventas shares reached $68.03, with analysts issuing a consensus rating of "Moderate Buy" and an average price target of $75.27.

Ventas, Inc. (NYSE:VTR - Get Free Report) declared a quarterly dividend on Thursday, September 18th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.48 per share by the real estate investment trust on Thursday, October 16th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 30th.

Ventas has a payout ratio of 249.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ventas to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 52.0%.

Ventas Trading Up 0.2%

Shares of VTR stock traded up $0.13 during mid-day trading on Monday, hitting $67.26. The company's stock had a trading volume of 3,017,472 shares, compared to its average volume of 2,616,510. The company has a market cap of $30.57 billion, a PE ratio of 156.42, a P/E/G ratio of 2.48 and a beta of 0.87. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. The company's fifty day simple moving average is $67.70 and its 200-day simple moving average is $66.24. Ventas has a 52 week low of $56.68 and a 52 week high of $71.36.

Ventas (NYSE:VTR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.37 billion. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. As a group, equities research analysts expect that Ventas will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Debra A. Cafaro sold 14,753 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.60, for a total value of $967,796.80. Following the completion of the sale, the chief executive officer owned 1,145,695 shares in the company, valued at $75,157,592. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert F. Probst sold 168,318 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the completion of the sale, the chief financial officer owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. This represents a 49.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 277,194 shares of company stock worth $18,307,501 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VTR. Cloud Capital Management LLC bought a new stake in shares of Ventas during the 1st quarter worth $25,000. Larson Financial Group LLC increased its holdings in Ventas by 1,334.6% during the first quarter. Larson Financial Group LLC now owns 373 shares of the real estate investment trust's stock worth $26,000 after buying an additional 347 shares during the last quarter. Franchise Capital Ltd bought a new stake in Ventas in the first quarter worth about $32,000. Ameritas Advisory Services LLC purchased a new position in Ventas in the second quarter valued at about $33,000. Finally, Rossby Financial LCC bought a new position in shares of Ventas during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.18% of the company's stock.

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.