Ventas, Inc. (VTR) to Issue Quarterly Dividend of $0.45 on July 18th

Ventas, Inc. (NYSE:VTR) announced a quarterly dividend on Tuesday, May 14th, RTT News reports. Shareholders of record on Monday, July 1st will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, July 18th. This represents a $1.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Monday, July 1st.

Ventas has decreased its dividend by an average of 5.6% per year over the last three years. Ventas has a dividend payout ratio of 529.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Ventas to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 53.7%.

Ventas Trading Up 0.9 %

Shares of NYSE VTR opened at $51.25 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.63 and a quick ratio of 0.63. Ventas has a 52-week low of $39.33 and a 52-week high of $51.26. The business’s 50 day moving average is $48.11 and its two-hundred day moving average is $46.52.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VTR shares. Evercore ISI raised Ventas from an “in-line” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, March 18th. Scotiabank upped their price objective on Ventas from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company upped their price objective on Ventas from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ventas currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.46.

Insider Buying and Selling at Ventas

In other news, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $48.40, for a total transaction of $103,818.00. Following the completion of the sale, the director now owns 26,031 shares in the company, valued at $1,259,900.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Robert F. Probst sold 18,500 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $47.11, for a total transaction of $871,535.00. Following the completion of the sale, the chief financial officer now owns 176,403 shares in the company, valued at $8,310,345.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter C. Rakowich sold 2,145 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $48.40, for a total transaction of $103,818.00. Following the transaction, the director now directly owns 26,031 shares of the company’s stock, valued at $1,259,900.40. The disclosure for this sale can be found here. Insiders sold 35,270 shares of company stock worth $1,672,966 over the last 90 days. Corporate insiders own 1.00% 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.