Wedbush Has Bearish Forecast for Ventas FY2024 Earnings

Ventas, Inc. (NYSE:VTR) – Investment analysts at Wedbush lowered their FY2024 earnings per share estimates for Ventas in a research report issued to clients and investors on Monday, November 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $3.18 per share for the year, down from their previous forecast of $3.30. Wedbush currently has a “Outperform” rating and a $71.00 price objective on the stock. The consensus estimate for Ventas’ current full-year earnings is $3.16 per share. Wedbush also issued estimates for Ventas’ Q4 2024 earnings at $0.81 EPS and FY2025 earnings at $3.39 EPS.

VTR has been the topic of a number of other reports. Scotiabank upped their price target on shares of Ventas from $59.00 to $65.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Royal Bank of Canada raised their price target on Ventas from $52.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Wells Fargo & Company upgraded Ventas from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $61.00 to $71.00 in a research report on Tuesday, October 1st. Evercore ISI increased their target price on shares of Ventas from $64.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wolfe Research upgraded Ventas to a “strong-buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.63.

Ventas Trading Down 1.9 %

Shares of VTR opened at $63.22 on Wednesday. Ventas has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The business has a 50-day moving average of $63.91 and a 200 day moving average of $55.86. The firm has a market cap of $26.51 billion, a P/E ratio of -371.86, a price-to-earnings-growth ratio of 2.86 and a beta of 1.36. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.04.

Ventas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.85%. Ventas’s dividend payout ratio (DPR) is currently -1,058.76%.

Insider Transactions at Ventas

In related news, CEO Peter J. Bulgarelli sold 6,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Peter J. Bulgarelli sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total transaction of $389,940.00. Following the completion of the sale, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Debra A. Cafaro sold 6,827 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total transaction of $431,466.40. Following the sale, the chief executive officer now directly owns 986,717 shares of the company’s stock, valued at $62,360,514.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,454 shares of company stock worth $9,263,815. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VTR. First Community Trust NA purchased a new stake in Ventas in the 2nd quarter worth approximately $25,000. ORG Partners LLC bought a new position in shares of Ventas during the second quarter valued at approximately $27,000. EdgeRock Capital LLC purchased a new stake in Ventas in the second quarter worth $41,000. Global X Japan Co. Ltd. bought a new stake in Ventas in the third quarter valued at $48,000. Finally, Friedenthal Financial purchased a new position in Ventas during the 2nd quarter valued at $51,000. 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.