Ventas (NYSE:VTR) Releases FY 2023 Earnings Guidance

Ventas (NYSE:VTR – Get Rating) updated its FY 2023 earnings guidance on Friday. The company provided earnings per share guidance of $2.90-$3.04 for the period, compared to the consensus earnings per share estimate of $2.98. The company issued revenue guidance of -.

Ventas Stock Down 1.1 %

VTR stock traded down $0.49 during trading on Friday, hitting $42.32. 315,125 shares of the company’s stock traded hands, compared to its average volume of 2,103,555. The firm has a market capitalization of $16.93 billion, a P/E ratio of -237.82, a PEG ratio of 1.79 and a beta of 1.19. Ventas has a 1 year low of $35.33 and a 1 year high of $57.62. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $44.79 and a two-hundred day simple moving average of $46.47.

Ventas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, June 30th. Ventas’s payout ratio is -999.94%.

Analysts Set New Price Targets

VTR has been the subject of a number of research analyst reports. KeyCorp decreased their price target on Ventas from $56.00 to $55.00 and set an overweight rating for the company in a research note on Wednesday, February 1st. StockNews.com upgraded shares of Ventas from a sell rating to a hold rating in a research note on Thursday, May 11th. Wells Fargo & Company assumed coverage on shares of Ventas in a research note on Wednesday, April 19th. They set an overweight rating and a $50.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Ventas from $56.00 to $54.00 and set an outperform rating for the company in a research note on Wednesday, April 5th. Finally, Credit Suisse Group dropped their price objective on shares of Ventas from $51.00 to $50.00 and set an outperform rating on the stock in a report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $54.92.

Institutional Investors Weigh In On Ventas

A number of institutional investors have recently modified their holdings of the company. West Family Investments Inc. acquired a new stake in Ventas during the 1st quarter worth approximately $209,000. CreativeOne Wealth LLC acquired a new position in Ventas during the 4th quarter worth $206,000. qPULA Trading Management LP purchased a new stake in Ventas during the 1st quarter worth about $204,000. SeaCrest Wealth Management LLC acquired a new stake in Ventas in the 4th quarter valued at about $201,000. Finally, Money Concepts Capital Corp boosted its stake in shares of Ventas by 94.5% in the 4th quarter. Money Concepts Capital Corp now owns 3,850 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,871 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

About Ventas

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Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. It operates through the following segments: Triple-Net Leased Properties, Senior Housing Operating Portfolio (SHOP), and Office Operations. The Triple-Net Leased Properties segment invests in and owns senior housing and healthcare properties.