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VTR

Ventas, Inc.
$86.99
+1.89% Oct 22 close
Real EstateS&P 500 CompareTechnicals
-5%+7%+20%+33%+46%Oct 2025Oct 2026Apr 2026
VTRSPY
1W
+2.5%
1M
+0.8%
3M
-10.6%
6M
+6.1%
YTD
+14.5%
1Y
+26.5%

Live chart

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What they do

Ventas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company's growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.

Real Estate · REIT - Healthcare Facilities

For information only · Important disclosures

Grades vs sector

Momentum
78th percentile in sector
B+
12-1 return: +18.1%
Percentile within its GICS sector across the S&P 1500.
Growth
86th percentile in sector
A-
Revenue growth (YoY): +21.7%
Percentile within its GICS sector across the S&P 1500.
Value
9th percentile in sector
D-
Forward E/P: 0.9% · EBITDA/EV: 4.2%
Percentile within its GICS sector across the S&P 1500.
Profitability
23rd percentile in sector
D
Profit margin: +4.1% · Return on equity: +2.0%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 126 of 499 · 12-month momentum 32.7%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Ventas vs. Welltower: Which Senior Housing REIT Pays Retirees Better?
24/7 Wall St. · Oct 17
These 5 REITs Own Something America Is Running Short Of: Senior Housing
24/7 Wall St. · Oct 14
Ventas (VTR) Targets Up to 17% NOI Growth and Expands Acquisition Budget to $3 Billion
Insider Monkey · Oct 13
Barclays Adjusts Price Target on Ventas to $91 From $102
MT Newswires · Oct 13
Ventas (VTR) Pays Out Over 370% of Its Earnings as Dividends, So What Actually Funds It?
Insider Monkey · Oct 12

Key stats

Market value$43.8B
P/E (last 12 months)158.1
P/E (next 12 months, estimated)108.1
52-week range$68.15 – $101.60
Revenue growth (latest quarter vs a year ago)+21.7%
Dividend yield2.40%
Analyst consensusBuy (22)
Average analyst price target$100.50 (+16%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +1 (DCF counts double).
▲DCF (base case)above the price by 30%
▼Forward P/E vs sector108.1x vs median 29.6x
▼Piotroski F-score2/9
▲Analyst target+16% (22 analysts)

Discounted cash flow

Bear
$50
-43%
growth 10% · disc. 9.0% · term. 2.0%
Base
$114
+30%
growth 17% · disc. 8.0% · term. 2.5%
Bull
$218
+151%
growth 21% · disc. 7.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 10% a year for 10 years.
Implied
+10%/yr
FCF, last 3 yrs
+14%/yr
FCF, last 5 yrs
+3%/yr
Revenue, last 3 yrs
+12%/yr
Revenue, last 5 yrs
+9%/yr
Same inputs as the DCF above: trailing free cash flow 1.6B, 8.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.74 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Real Estate

P/E (trailing)
sector median 27.6× · 94th pct
158.1×
pricier
Forward P/E
sector median 29.6× · 93rd pct
108.1×
pricier
EV / EBITDA
sector median 17.2×
–
Price / sales
sector median 6.5× · 54th pct
6.8×
pricier
Price / book
sector median 1.8× · 83rd pct
3.0×
pricier
FCF yield
sector median 6.9% · 10th pct
3.8%
pricier

Forward EPS $0.79 vs trailing $0.54 (+46% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
–
FCF margin
25.5%
Net margin
3.9%
Return on equity
1.7%
Return on invested capital
–
Net debt / EBITDA
–
Current ratio
–
Interest cover
–
Cash conversion (OCF/NI)
7.2×
Piotroski F-score 2/9 · last two fiscal years
✓ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target
$100
+16%
Analysts
22
Buy
Range
$90–$113
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$5.8B–$1.6B
2024$4.9B–$1.3B
2023$4.5B–$1.1B
2022$4.1B–$1.1B
2021$3.8B–$1.0B
2020$3.8B–$1.5B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +12.2%.

Earnings

Next report: 2026-10-27 · after close · EPS est 0.11
24-1025-0225-0425-0725-1026-0226-0426-07-0.020.17
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-290.110.17+51.7%
2026-04-270.100.10-1.4%
2026-02-050.090.13+40.9%
2025-10-290.050.12+141.9%
2025-07-300.140.15+10.4%
2025-04-300.070.10+35.8%
2025-02-120.050.13+156.6%
2024-10-30-0.020.05+360.3%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$1.7B+21.7%
2026-03-31$1.7B–
2025-12-31$1.6B–
2025-09-30$1.5B–
2025-06-30$1.4B–
Rating changes
Reiterated
2026-10-19 · Wells Fargo reiterated Overweight on VTR
Reiterated
2026-10-13 · Barclays reiterated Equal-Weight on VTR
Reiterated
2026-09-21 · Evercore ISI Group reiterated Outperform on VTR
Reiterated
2026-09-02 · Scotiabank reiterated Sector Perform on VTR
Reiterated
2026-09-01 · Wells Fargo reiterated Overweight on VTR
Reiterated
2026-08-31 · Barclays reiterated Equal-Weight on VTR

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-09-30: $0.520 · 2026-06-30: $0.520 · 2026-03-31: $0.520 · 2025-12-31: $0.480 · 2025-09-30: $0.480 · 2025-06-30: $0.480 · 2025-03-31: $0.480 · 2024-12-31: $0.450
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Stats refreshed 2026-10-21 18:23:14 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026