Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Monday, December 11th, RTT News reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.79 per share by the real estate investment trust on Friday, January 12th. This represents a $3.16 annualized dividend and a dividend yield of 4.99%. This is a positive change from Ventas’s previous quarterly dividend of $0.78.
Ventas has increased its dividend by an average of 2.7% annually over the last three years and has raised its dividend every year for the last 6 years. Ventas has a payout ratio of 74.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ventas to earn $4.24 per share next year, which means the company should continue to be able to cover its $3.10 annual dividend with an expected future payout ratio of 73.1%.
Ventas (VTR) traded up $0.01 during trading hours on Monday, hitting $63.32. The company’s stock had a trading volume of 1,127,212 shares, compared to its average volume of 1,712,856. The firm has a market cap of $22,550.00, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 4.08 and a beta of 0.09. Ventas has a 52-week low of $58.96 and a 52-week high of $72.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.46 and a quick ratio of 1.46.
Ventas (NYSE:VTR) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.60). The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $893.18 million. Ventas had a return on equity of 6.34% and a net margin of 32.96%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. equities research analysts forecast that Ventas will post 4.15 EPS for the current year.
Several research analysts have weighed in on VTR shares. KeyCorp reaffirmed a “sell” rating and set a $55.00 price target on shares of Ventas in a research report on Sunday, September 17th. Capital One Financial raised Ventas from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Ventas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. BMO Capital Markets set a $62.00 target price on Ventas and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, Jefferies Group reissued a “hold” rating and set a $66.00 target price on shares of Ventas in a report on Tuesday, August 29th. Eight investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus price target of $64.44.
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Ventas, Inc is a real estate investment trust (REIT) with its properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and office operations. Under its triple-net leased properties segment, the Company invests in and owns seniors housing and healthcare properties throughout the United States and the United Kingdom and leases those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses.
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