Ventas Inc [NYSE: VTR] traded at a high on Thursday, posting a 0.55 gain after which it closed the day’ session at $43.91. The company report on March 12, 2024 at 6:24 PM that Ventas Declares First Quarter 2024 Dividend of $0.45 Per Common Share.
Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The dividend will be payable in cash on April 18, 2024 to stockholders of record as of the close of business on April 1, 2024.
The results of the trading session contributed to over 3268622 shares changing hands. Over the past one week, the price volatility of Ventas Inc stands at 1.96% while the volatility over the past one month is 2.12%.
The market cap for VTR stock reached $17.67 billion, with 402.10 million shares outstanding and 400.39 million shares in the current float. Compared to the average trading volume of 2.39M shares, VTR reached a trading volume of 3268622 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Ventas Inc [VTR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VTR shares is $51.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VTR stock is a recommendation set at 1.63. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Ventas Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 18, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $52 to $46. The new note on the price target was released on February 26, 2024, representing the official price target for Ventas Inc stock. Previously, the target price had yet another raise to $60, while Deutsche Bank analysts kept a Buy rating on VTR stock. On January 16, 2024, analysts increased their price target for VTR shares from 48 to 53.
The Average True Range (ATR) for Ventas Inc is set at 0.98, with the Price to Sales ratio for VTR stock in the period of the last 12 months amounting to 3.93. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 1.40. Price to Free Cash Flow for VTR in the course of the last twelve months was 18.90.
How has VTR stock performed recently?
Ventas Inc [VTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.10. With this latest performance, VTR shares dropped by -0.39% in over the last four-week period, additionally sinking by -0.00% over the last 6 months – not to mention a rise of 0.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VTR stock in for the last two-week period is set at 49.87, with the RSI for the last a single of trading hit 54.76, and the three-weeks RSI is set at 47.70 for Ventas Inc [VTR]. The present Moving Average for the last 50 days of trading for this stock 45.20, while it was recorded at 43.24 for the last single week of trading, and 45.21 for the last 200 days.
Earnings analysis for Ventas Inc [VTR]
With the latest financial reports released by the company, Ventas Inc posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 140.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VTR.
Insider trade positions for Ventas Inc [VTR]
The top three institutional holders of VTR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in VTR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in VTR stock with ownership which is approximately 5.8325%.
