Ventas, Inc. (NYSE:VTR – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.52 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 30th.
Ventas has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Ventas has a payout ratio of 270.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ventas to earn $4.20 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 49.5%.
Ventas Stock Down 0.4%
Shares of NYSE:VTR opened at $89.97 on Friday. Ventas has a 1 year low of $61.76 and a 1 year high of $90.99. The company has a market cap of $43.74 billion, a PE ratio of 163.58, a P/E/G ratio of 2.22 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50-day moving average is $85.04 and its 200 day moving average is $81.21.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on VTR shares. KeyCorp upped their target price on Ventas from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their target price on Ventas from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $100.00 price target on shares of Ventas in a research note on Monday, February 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $93.00 price target on shares of Ventas in a research note on Monday, February 9th. Finally, Wells Fargo & Company upped their price target on Ventas from $88.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.00.
Check Out Our Latest Report on Ventas
Ventas Company Profile
Ventas, Inc (NYSE: VTR) is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.
Ventas’ business model combines property ownership with active asset management and capital markets activity.
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