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Ventas (VTR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Get a deeper insight into the potential performance of Ventas (VTR) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) will issue its fourth quarter 2023 earnings release after the close of trading on the New York Stock Exchange on Wednesday, February 14, 2024. A conference call to discuss those earnings will be held on Thursday, February 15, 2024 at 1:00 p.m. Eastern Time (12:00 p.m. Central Time). The dial-in number for the conference call is (888) 330-3576 (or +1 (646) 960-0672 for international callers), and the participant passcode is 7655497. A live webca.
A rise in healthcare spending by senior citizens and accretive investments in the research portfolio bode well for Ventas (VTR). However, dependence on a few tenants and high interest rates are woes.
Ventas, a healthcare REIT, has underperformed the market due to the pandemic and high interest rates. The company is starting to recover, with strong demand for its properties and favorable supply-demand fundamentals. Analysts expect Ventas to grow its FFO per unit by 7% per year, and the stock is reasonably valued with upside potential.
Ventas beats Q3'23 earnings estimates with FFO/share of $0.75 and revenue of $1.15bn. Wedbush and BMO Capital Markets upgrade or maintain outperform rating on Ventas. Ventas focuses on senior care and healthcare real estate, combining growth and security.
Ventas reported respectable third-quarter earnings, with strength in its senior housing business. Welltower reported good quarterly results as well.
Ventas's (VTR) Q3 earnings outshine estimates on better-than-anticipated revenues. The same-store cash NOI rises year over year on strong performance across the portfolio.
Ventas, Inc. (NYSE:VTR ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants BJ Grant - SVP, IR Debra Cafaro - Chairman and CEO Justin Hutchens - CIO and EVP, Senior Housing Bob Probst - EVP and CFO Pete Bulgarelli - EVP and President and CEO, Lillibridge Healthcare Services, Inc. Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Steve Sakwa - Evercore ISI Nick Joseph - Citi Juan Sanabria - BMO Capital Markets Mike Mueller - JPMorgan Ronald Kamdem - Morgan Stanley Joshua Dennerlein - Bank of America Rich Anderson - Wedbush Michael Stroyeck - Green Street Vikram Malhotra - Mizuho Nick Yulico - Scotiabank Michael Carroll - RBC Capital Markets Operator Thank you for standing by and welcome to the Ventas Reports Third Quarter Results Conference Call. I would now like to welcome BJ Grant, Senior Vice President of Investor Relations to begin the call.
Although the revenue and EPS for Ventas (VTR) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.