$950.32 Million in Sales Expected for Ventas, Inc. (NYSE:VTR) This Quarter

Brokerages forecast that Ventas, Inc. (NYSE:VTR) will post $950.32 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Ventas’ earnings, with the lowest sales estimate coming in at $934.06 million and the highest estimate coming in at $981.10 million. Ventas posted sales of $936.54 million in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The business is scheduled to issue its next earnings report on Friday, October 25th.

On average, analysts expect that Ventas will report full-year sales of $3.77 billion for the current year, with estimates ranging from $3.69 billion to $3.88 billion. For the next year, analysts forecast that the business will report sales of $3.86 billion, with estimates ranging from $3.71 billion to $4.21 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Ventas.

Ventas (NYSE:VTR) last released its earnings results on Friday, July 26th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.38). Ventas had a net margin of 13.34% and a return on equity of 4.78%. The business had revenue of $950.70 million for the quarter, compared to analyst estimates of $931.16 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis.

VTR has been the topic of a number of analyst reports. Raymond James raised Ventas from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. Citigroup raised Ventas from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $67.00 to $76.00 in a research note on Wednesday, June 19th. ValuEngine cut Ventas from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America reissued a “neutral” rating and issued a $72.50 price objective (up previously from $67.00) on shares of Ventas in a research note on Friday, June 21st. Finally, Mitsubishi UFJ Financial Group increased their price objective on Ventas to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Ventas currently has a consensus rating of “Hold” and a consensus target price of $66.59.

NYSE VTR traded down $0.02 during trading hours on Friday, hitting $73.18. 62,413 shares of the company were exchanged, compared to its average volume of 1,885,742. The stock has a 50-day moving average price of $69.10 and a 200 day moving average price of $65.04. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. Ventas has a 52 week low of $51.80 and a 52 week high of $73.74. The stock has a market cap of $27.15 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 5.99 and a beta of 0.27.

In other news, EVP John D. Cobb sold 10,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $72.54, for a total transaction of $725,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP T Richard Riney sold 29,702 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $70.45, for a total value of $2,092,505.90. Following the sale, the executive vice president now owns 163,488 shares of the company’s stock, valued at approximately $11,517,729.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,866 shares of company stock valued at $12,048,458. 1.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. increased its holdings in Ventas by 88.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 391 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Ventas in the first quarter worth $26,000. Kavar Capital Partners LLC acquired a new position in shares of Ventas in the second quarter worth $27,000. HM Payson & Co. acquired a new position in shares of Ventas in the second quarter worth $29,000. Finally, Gradient Investments LLC grew its stake in shares of Ventas by 1,007.7% in the second quarter. Gradient Investments LLC now owns 432 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

About Ventas

Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems.

Featured Article: Cost of Capital

Get a free copy of the Zacks research report on Ventas (VTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ventas (NYSE:VTR)

Receive News & Ratings for Ventas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ventas and related companies with MarketBeat.com's FREE daily email newsletter.