Ventas, Inc. (NYSE:VTR) – Equities research analysts at Jefferies Financial Group raised their Q2 2020 earnings per share estimates for Ventas in a report issued on Wednesday, April 10th, Zacks Investment Research reports. Jefferies Financial Group analyst O. Okusanya now expects that the real estate investment trust will post earnings per share of $0.96 for the quarter, up from their previous estimate of $0.95. Jefferies Financial Group also issued estimates for Ventas’ Q3 2020 earnings at $0.98 EPS, FY2020 earnings at $3.86 EPS, Q1 2021 earnings at $0.95 EPS and FY2021 earnings at $3.92 EPS.
Several other equities research analysts have also recently commented on the stock. Mitsubishi UFJ Financial Group boosted their price objective on shares of Ventas from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday. Raymond James raised shares of Ventas from an “underperform” rating to a “market perform” rating in a research report on Tuesday. ValuEngine cut shares of Ventas from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Deutsche Bank boosted their price target on shares of Ventas from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Finally, Morgan Stanley assumed coverage on shares of Ventas in a research report on Thursday, March 28th. They set an “equal weight” rating and a $61.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.46.
Ventas (NYSE:VTR) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The business had revenue of $942.80 million for the quarter, compared to analysts’ expectations of $908.61 million. Ventas had a net margin of 12.19% and a return on equity of 4.04%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were issued a $0.7925 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 5.07%. Ventas’s payout ratio is 77.89%.
In other news, CFO Robert F. Probst sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $63.31, for a total value of $633,100.00. Following the sale, the chief financial officer now directly owns 100,064 shares of the company’s stock, valued at approximately $6,335,051.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Reed sold 3,440 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $63.89, for a total transaction of $219,781.60. Following the completion of the transaction, the director now owns 47,709 shares in the company, valued at approximately $3,048,128.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,577 shares of company stock worth $7,149,673. 1.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV grew its stake in Ventas by 2.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 53,004 shares of the real estate investment trust’s stock valued at $3,382,000 after buying an additional 1,460 shares during the last quarter. Kovack Advisors Inc. acquired a new position in Ventas in the 1st quarter valued at about $203,000. Stephens Inc. AR grew its stake in Ventas by 6.2% in the 1st quarter. Stephens Inc. AR now owns 70,727 shares of the real estate investment trust’s stock valued at $4,513,000 after buying an additional 4,125 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Ventas by 22.4% during the 1st quarter. California Public Employees Retirement System now owns 2,519,386 shares of the real estate investment trust’s stock worth $160,762,000 after purchasing an additional 460,615 shares in the last quarter. Finally, Schnieders Capital Management LLC grew its position in shares of Ventas by 8.3% during the 1st quarter. Schnieders Capital Management LLC now owns 15,286 shares of the real estate investment trust’s stock worth $975,000 after purchasing an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.
Further Reading: Real Estate Investment Trust (REIT) ETF
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