Ventas, Inc. (NYSE:VTR) declared a quarterly dividend on Wednesday, May 16th, RTT News reports. Shareholders of record on Monday, July 2nd will be given a dividend of 0.79 per share by the real estate investment trust on Thursday, July 12th. This represents a $3.16 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, June 29th.

Ventas has decreased its dividend payment by an average of 7.8% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Ventas has a dividend payout ratio of 76.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Ventas to earn $4.10 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 77.1%.

Ventas opened at $55.69 on Friday, MarketBeat reports. The firm has a market cap of $19.61 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 3.61 and a beta of 0.11. Ventas has a 52-week low of $46.55 and a 52-week high of $72.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

Ventas (NYSE:VTR) last issued its earnings results on Friday, April 27th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.79). The business had revenue of $943.70 million for the quarter, compared to the consensus estimate of $874.42 million. Ventas had a net margin of 34.04% and a return on equity of 5.24%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. analysts expect that Ventas will post 4.04 earnings per share for the current year.

In related news, Chairman Debra A. Cafaro sold 30,944 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $53.18, for a total value of $1,645,601.92. Following the completion of the sale, the chairman now owns 775,111 shares in the company, valued at approximately $41,220,402.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Debra A. Cafaro sold 15,505 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $55.00, for a total transaction of $852,775.00. Following the completion of the sale, the chairman now owns 759,672 shares of the company’s stock, valued at approximately $41,781,960. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,851 shares of company stock valued at $3,559,027. 1.40% of the stock is owned by corporate insiders.

Several analysts have commented on VTR shares. KeyCorp dropped their target price on shares of Ventas from $50.00 to $43.00 and set an “underweight” rating for the company in a research report on Monday, April 16th. BMO Capital Markets upgraded shares of Ventas from an “underperform” rating to a “market perform” rating and set a $55.00 target price for the company in a research report on Monday, April 30th. They noted that the move was a valuation call. Cantor Fitzgerald started coverage on shares of Ventas in a research report on Sunday, June 3rd. They set a “neutral” rating and a $56.00 target price for the company. TheStreet cut shares of Ventas from a “b-” rating to a “c+” rating in a research report on Thursday, March 8th. Finally, Deutsche Bank dropped their target price on shares of Ventas from $61.00 to $55.00 and set a “hold” rating for the company in a research report on Monday, March 19th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $56.85.

Ventas Company Profile

Ventas, Inc engages in the acquisition and ownership of seniors housing and healthcare properties. The company invests in seniors housing and healthcare properties through acquisitions and leases its properties to unaffiliated tenants or operate them through independent third-party managers. It operates through the following segments: Triple-Net Leased Properties, Senior Living Operations, and Office Operations.

Dividend History for Ventas (NYSE:VTR)

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