Zacks: Brokerages Anticipate Ventas, Inc. (VTR) to Announce $1.04 EPS

Wall Street brokerages expect Ventas, Inc. (NYSE:VTR) to report $1.04 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Ventas’ earnings, with estimates ranging from $1.03 to $1.05. Ventas reported earnings per share of $1.03 during the same quarter last year, which would indicate a positive year over year growth rate of 1%. The company is scheduled to report its next quarterly earnings report on Friday, October 27th.

According to Zacks, analysts expect that Ventas will report full year earnings of $4.16 per share for the current financial year, with EPS estimates ranging from $4.13 to $4.18. For the next year, analysts anticipate that the business will report earnings of $4.29 per share, with EPS estimates ranging from $4.22 to $4.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Ventas.

Ventas (NYSE:VTR) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.61. Ventas had a return on equity of 6.31% and a net margin of 20.08%. The company had revenue of $895.49 million during the quarter, compared to analyst estimates of $890.01 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year.

A number of equities analysts have recently commented on VTR shares. BidaskClub raised Ventas from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Mizuho reissued a “neutral” rating on shares of Ventas in a report on Wednesday, June 28th. Mitsubishi UFJ Financial Group started coverage on Ventas in a report on Wednesday, June 21st. They set a “hold” rating and a $67.00 price target for the company. BMO Capital Markets reissued a “sell” rating and set a $60.00 price target on shares of Ventas in a report on Wednesday, April 12th. Finally, Jefferies Group LLC boosted their price target on Ventas from $61.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus price target of $65.13.

In other Ventas news, Chairman Debra A. Cafaro sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $69.12, for a total value of $6,912,000.00. Following the transaction, the chairman now owns 819,835 shares in the company, valued at $56,666,995.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ventas by 2.2% in the first quarter. Vanguard Group Inc. now owns 51,025,903 shares of the real estate investment trust’s stock valued at $3,318,724,000 after buying an additional 1,110,305 shares during the period. BlackRock Inc. increased its stake in shares of Ventas by 2,360.9% in the first quarter. BlackRock Inc. now owns 36,533,611 shares of the real estate investment trust’s stock worth $2,376,145,000 after buying an additional 35,049,052 shares during the last quarter. State Street Corp increased its stake in shares of Ventas by 1.6% in the first quarter. State Street Corp now owns 20,913,886 shares of the real estate investment trust’s stock worth $1,360,246,000 after buying an additional 333,064 shares during the last quarter. FMR LLC increased its stake in shares of Ventas by 2.1% in the first quarter. FMR LLC now owns 20,832,215 shares of the real estate investment trust’s stock worth $1,354,927,000 after buying an additional 437,961 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Ventas by 1.0% in the first quarter. Bank of America Corp DE now owns 18,226,900 shares of the real estate investment trust’s stock worth $1,185,477,000 after buying an additional 184,874 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

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Shares of Ventas (NYSE:VTR) opened at 65.46 on Wednesday. Ventas has a 52 week low of $56.20 and a 52 week high of $75.16. The firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 33.16 and a beta of 0.07. The stock has a 50 day moving average price of $68.60 and a 200-day moving average price of $65.13.

Ventas Company Profile

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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Earnings History and Estimates for Ventas (NYSE:VTR)

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