Ventas, Inc. (NYSE:VTR) Announces $0.45 Quarterly Dividend
Ventas, Inc. (NYSE:VTR – Get Free Report) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, January 18th. This represents a $1.80 annualized dividend and a dividend yield of 3.83%.
Ventas has decreased its dividend payment by an average of 17.2% annually over the last three years. Ventas has a dividend payout ratio of -750.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Ventas to earn $3.20 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 56.3%.
Ventas Price Performance
Shares of VTR traded down $0.24 during mid-day trading on Tuesday, hitting $46.94. 1,628,555 shares of the stock were exchanged, compared to its average volume of 2,201,639. The company has a market cap of $18.89 billion, a PE ratio of 4,722.72, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. Ventas has a 52-week low of $39.33 and a 52-week high of $53.15. The firm has a 50-day moving average of $43.14 and a two-hundred day moving average of $44.48. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.43 and a current ratio of 0.43.
Institutional Investors Weigh In On Ventas
Hedge funds have recently made changes to their positions in the stock. Fairfield Bush & CO. purchased a new stake in Ventas in the first quarter valued at about $41,000. Resurgent Financial Advisors LLC purchased a new stake in Ventas in the fourth quarter valued at about $50,000. Belpointe Asset Management LLC raised its stake in Ventas by 99.3% in the first quarter. Belpointe Asset Management LLC now owns 1,427 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 711 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Ventas in the fourth quarter valued at about $82,000. Finally, First Manhattan Co. raised its stake in Ventas by 885.9% in the first quarter. First Manhattan Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $86,000 after buying an additional 1,258 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VTR. Raymond James downgraded Ventas from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $55.00 to $53.00 in a research report on Wednesday, September 20th. StockNews.com downgraded Ventas from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Morgan Stanley upped their price objective on Ventas from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, September 7th. Royal Bank of Canada cut their price objective on Ventas from $54.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Finally, BMO Capital Markets cut their price objective on Ventas from $52.00 to $51.00 and set an “outperform” rating on the stock in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.62.
View Our Latest Stock Analysis on VTR
Ventas Company Profile (Get Free Report)
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns or has investments in a highly diversified portfolio of approximately 1,400 properties in the United States, Canada, and the United Kingdom.
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Original: MarketBeat News Feed: Ventas, Inc. (NYSE:VTR) Announces $0.45 Quarterly Dividend