Ventas (VTR) Posts Quarterly Earnings Results, Hits Expectations
Ventas (NYSE:VTR) posted its quarterly earnings results on Friday. The real estate investment trust reported $1.03 earnings per share for the quarter, meeting the consensus estimate of $1.03, RTT News reports. Ventas had a net margin of 32.96% and a return on equity of 6.34%. The business had revenue of $895.30 million during the quarter, compared to analysts’ expectations of $895.92 million. During the same quarter in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Ventas updated its FY18 guidance to $3.80-3.89 EPS.
Ventas (NYSE:VTR) traded up $0.67 during trading hours on Friday, hitting $51.59. 5,881,703 shares of the company were exchanged, compared to its average volume of 2,980,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $18,370.00 and a PE ratio of 28.98. Ventas has a 1 year low of $49.17 and a 1 year high of $72.36.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were given a dividend of $0.79 per share. The ex-dividend date was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.13%. This is a boost from Ventas’s previous quarterly dividend of $0.78. Ventas’s dividend payout ratio (DPR) is presently 177.53%.
Several large investors have recently bought and sold shares of VTR. Janus Henderson Group PLC boosted its position in shares of Ventas by 97.0% during the 2nd quarter. Janus Henderson Group PLC now owns 97,313 shares of the real estate investment trust’s stock worth $6,762,000 after purchasing an additional 47,905 shares during the period. Gotham Asset Management LLC lifted its holdings in Ventas by 33.7% during the 2nd quarter. Gotham Asset Management LLC now owns 5,719 shares of the real estate investment trust’s stock worth $397,000 after buying an additional 1,440 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Ventas during the 2nd quarter worth approximately $1,174,000. Arrowstreet Capital Limited Partnership acquired a new stake in Ventas during the 2nd quarter worth approximately $285,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Ventas by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 378,928 shares of the real estate investment trust’s stock worth $26,328,000 after buying an additional 11,328 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.
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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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