CHICAGO - Ventas, Inc. (NYSE: VTR), a leading real estate investment trust (REIT), has declared a quarterly dividend of $0.45 per common share. This dividend will be paid on October 17, 2024, to shareholders on record by October 1, 2024.
With a focus on properties serving the aging population, Ventas owns approximately 1,350 properties across North America and the UK, including 800 senior housing communities. The company's growth strategy includes operational expertise, data analytics, and strong industry relationships.
Recent developments include new agreements with Kindred Healthcare, the issuance of $550 million in Senior Notes, and a 7% year-over-year growth in normalized funds from operations per share for the second quarter of 2024.
Analysts from Deutsche Bank and Morgan Stanley have upgraded their price targets for Ventas, reflecting confidence in the company's future performance.
InvestingPro Insights
Ventas, Inc. (NYSE: VTR) has a market capitalization of $26.74 billion and a dividend yield of 2.78%. Despite a negative P/E ratio, the company has maintained dividend payments for 26 consecutive years.
InvestingPro Data shows a revenue growth of 10.59% over the last twelve months, indicating the company's strength in business operations. Ventas trades with low price volatility, making it an attractive option for stability-seeking investors.
For a more in-depth analysis, InvestingPro offers 11 additional tips on Ventas' financial health and outlook, providing valuable insights for investment decisions.
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