Ventas, Inc. (NYSE:VTR) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, VTR to report 3Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 3785.73 million, while looking forward to income of $ 0.96 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.56 ~ $ 3.69 per share
Click Here For More Historical Outlooks Of Ventas, Inc.
Previous Quarter Performance
Ventas, Inc. recorded income for the second quarter of $ 0.77 per share, from the revenue of $ 943.20 million. The quarterly earnings grew 32.76 percent while revenues fell 0.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.24 per share from $ 977.60 million in revenue. The bottom line results beat street analysts by $ 0.53 or 220.83 percent, at the same time, top line results fell short of analysts by $ 34.4 million or 3.52 percent.
Stock Performance
Shares of Ventas, Inc. traded low $ -0.55 or -1.32 percent on Thursday, reaching $ 41.12 with volume of 2.69 million shares. Ventas, Inc. has traded high as $ 42.15 and has cracked $ 41.04 on the downward trend
According to the previous trading day, closing price of $ 41.12, representing a 212.13 % increase from the 52 week low of $ 13.35 and a 34.25 % decrease over the 52 week high of $ 63.38.
The company has a market capital of $ 15.34 billion and is part of the Real Estate sector and REIT – Healthcare Facilities industry.
Recent Analyst recommendations
- On 17th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 39.00 target price.
- On 14th September 2020, maintained by Raymond James at Outperform rating, with $ 47.00 target price.
- On 8th September 2020, downgraded by Argus to Hold from Buy rating.
Conference Call
Ventas, Inc. will be hosting a conference call at 10:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ventasreit.com
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. Through its Lillibridge subsidiary, Ventas provides management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States.
