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Ventas (VTR) Announces 6% Increase in Quarterly Dividend
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Much to the delight of the shareholders, the board of directors of Ventas, Inc. (VTR - Free Report) announced a hike in fourth-quarter 2016 dividend from that of prior payment. It is to be noted that at the time of declaring its previous dividend in August, the company revealed that it intends to raise its dividend in fourth-quarter 2016.
The new dividend of 77.5 cents per share marks an increase of 6% from that of earlier payment. It will be paid in cash on Dec 30, 2016 to stockholders on record as of Dec 20. This increase is in sync with the Chicago, IL-based healthcare real estate investment trust’s strategy of continuing with its track record of attractive dividend growth.
Ventas is primarily engaged in the acquisition and ownership of seniors housing and healthcare properties, and leasing them to unaffiliated tenants or operating them through independent third-party managers. Currently Ventas carries a Zacks Rank #3 (Hold).
For the current year, Ventas’ estimates moved up 0.2% to $4.12 per share over the past 30 days.
Year to date, the company’s share price moved up 10.2%, whereas this rise for the Zacks categorized REIT and Equity Trust Other industry was 3.7%.
Seritage Growth Properties’ current-year funds from operations (“FFO”) estimates have moved up 0.9% to $2.34 per share over the past 60 days.
DCT Industrial Trust’s current-year FFO estimates have moved up 2.3% over the past 60 days to $2.24 per share.
American Tower Corporation’s current-year FFO estimates have moved up 1.1% over the past 60 days to $5.55 per share.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
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Ventas (VTR) Announces 6% Increase in Quarterly Dividend
Much to the delight of the shareholders, the board of directors of Ventas, Inc. (VTR - Free Report) announced a hike in fourth-quarter 2016 dividend from that of prior payment. It is to be noted that at the time of declaring its previous dividend in August, the company revealed that it intends to raise its dividend in fourth-quarter 2016.
The new dividend of 77.5 cents per share marks an increase of 6% from that of earlier payment. It will be paid in cash on Dec 30, 2016 to stockholders on record as of Dec 20. This increase is in sync with the Chicago, IL-based healthcare real estate investment trust’s strategy of continuing with its track record of attractive dividend growth.
Ventas is primarily engaged in the acquisition and ownership of seniors housing and healthcare properties, and leasing them to unaffiliated tenants or operating them through independent third-party managers. Currently Ventas carries a Zacks Rank #3 (Hold).
For the current year, Ventas’ estimates moved up 0.2% to $4.12 per share over the past 30 days.
Year to date, the company’s share price moved up 10.2%, whereas this rise for the Zacks categorized REIT and Equity Trust Other industry was 3.7%.
Some better-ranked stocks in the same space include Seritage Growth Properties (SRG - Free Report) , DCT Industrial Trust Inc. and American Tower Corporation (AMT - Free Report) . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Seritage Growth Properties’ current-year funds from operations (“FFO”) estimates have moved up 0.9% to $2.34 per share over the past 60 days.
DCT Industrial Trust’s current-year FFO estimates have moved up 2.3% over the past 60 days to $2.24 per share.
American Tower Corporation’s current-year FFO estimates have moved up 1.1% over the past 60 days to $5.55 per share.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>