Ventas (VTR) stock
Real Estate · Health Care REITs
Ventas (VTR) is a Health Care REITs company in the Real Estate sector, headquartered in Chicago, Illinois. As of October 23, 2026, VTR closed at $86.80, a market capitalization of $44.52 billion, the 255th largest company in the S&P 500. Over the last twelve months it generated $6.42 billion in revenue (+22% year over year) and $1.09 billion in free cash flow. The stock trades at 160.7x trailing earnings and 109.9x forward earnings.
- 1-year total return: +27.1% (dividends reinvested)
- 5-year return: +13.2% a year
- 52-week range: $68.15 – $101.60
- Gross margin 40.0%, operating margin 14.8%
- Dividend yield: 2.40%, 1 straight years of increases
- FI Handbook report card: D+ across 10 metrics
- 10th largest of 30 Real Estate stocks in the S&P 500
VTR price chart
1Y price change: +24.1% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| VTR | +0.8% | +14.2% | +27.1% | +31.8% | +13.2% | +6.8% | +9.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1997.
VTR key statistics
- Market cap
- $44.5B
- #255 in S&P 500
- P/E (TTM)
- 160.7x
- Forward P/E
- 109.9x
- EPS (TTM)
- $0.54
- Revenue (TTM)
- $6.4B
- +22%
- Free cash flow
- $1.1B
- Gross margin
- 40.0%
- Operating margin
- 14.8%
- Return on equity
- 2.0%
- Dividend yield
- 2.40%
- 52-week range
- $68.15 – $101.60
- Beta
- 0.74
- Price / sales
- 6.9x
- EV / EBITDA
- 24.3x
- Debt / equity
- 0.85x
- Employees
- 542
VTR report card
D+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth21.7%A
- Gross margin40.0%C
- Operating margin14.8%C
- FCF margin17.0%B
- Return on equity2.0%F
- Net debt / EBITDA5.3xF
- Forward P/E109.9xF
- PEG ratio5.0xF
- Shareholder yield2.4%C
- Share count change / yr4.2%F
Ventas financials
Revenue went from $3.4B in fiscal 2016 to $5.8B in fiscal 2025, growing 6.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.6B | $3.7B | $3.9B | $3.8B | $3.8B | $4.1B | $4.5B | $4.9B | $5.8B |
| Net income | $651.5M | $1.4B | $416.0M | $439.3M | $441.2M | $56.6M | -$40.9M | -$30.3M | $88.4M | $261.5M |
| EPS (diluted) | $1.86 | $3.78 | $1.14 | $1.17 | $1.17 | $0.13 | $-0.12 | $-0.10 | $0.19 | $0.54 |
| Free cash flow | $1.2B | $1.3B | $1.2B | $1.3B | $842.9M | -$775.9M | $219.5M | $470.4M | -$1.2B | -$1.3B |
| Dividends paid | $1.0B | $827.3M | $1.1B | $1.2B | $928.8M | $686.9M | $720.3M | $723.6M | $740.3M | $860.1M |
| Diluted shares | 348.4M | 358.6M | 359.3M | 369.9M | 376.5M | 386.3M | 403.5M | 405.7M | 416.4M | 462.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into VTR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $57.2B and $1.1B of trailing free cash flow, Ventas needs to grow free cash flow about 35.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 160.7x vs. median 42.0x (10th–90th percentile 18.8x–338.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
VTR dividend
- Dividend yield
- 2.40%
- Annual dividend
- $2.08
- Years of increases
- 1
- 5-yr dividend growth
- 7.3%
- per year
- Payout ratio
- 370%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
VTR analyst price targets
22 analysts' average 12-month target is $100.50 (+16% vs. $86.80). Targets range from $90.00 to $113.00. 78% rate it a buy.
VTR earnings
Next report: October 27, 2026. Ventas has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $1.7B (+22% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $0.11 | $0.17 | +51.7% |
| Apr 27, 2026 | $0.10 | $0.10 | -1.4% |
| Feb 5, 2026 | $0.09 | $0.13 | +40.9% |
| Oct 29, 2025 | $0.05 | $0.12 | +141.9% |
| Jul 30, 2025 | $0.14 | $0.15 | +10.4% |
| Apr 30, 2025 | $0.07 | $0.10 | +35.8% |
| Feb 12, 2025 | $0.05 | $0.13 | +156.6% |
| Oct 30, 2024 | $-0.02 | $0.05 | +360.3% |
Stocks like VTR
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 WELL Welltower | -0.03% | +37% | $171.0B | 106.4x | Compare |
 DOC Healthpeak Properties | -0.47% | +11% | $13.6B | 55.0x | Compare |
 PLD Prologis | -0.17% | +4% | $122.9B | 28.1x | Compare |
 EQIX Equinix | +0.25% | +17% | $94.2B | 61.5x | Compare |
 AMT American Tower Corporation (REI | +4.08% | +3% | $88.1B | 26.0x | Compare |
 SPG Simon Property | -0.19% | +24% | $80.3B | 14.9x | Compare |
 DLR Digital Realty Trust | +0.84% | +1% | $65.1B | 83.7x | Compare |
 PSA Public Storage | +0.25% | +5% | $57.9B | 29.6x | Compare |
VTR news
- What's in the Offing for Ventas Stock This Earnings Season? · Oct 23, 2026
- What to Expect From Ventas’ Q3 2026 Earnings Report · Oct 23, 2026
- Are You Looking for a High-Growth Dividend Stock? · Oct 22, 2026
- Ventas (VTR) Targets Up to 17% NOI Growth and Expands Acquisition Budget to $3 Billion · Oct 13, 2026
- Ventas (VTR) Pays Out Over 370% of Its Earnings as Dividends, So What Actually Funds It? · Oct 13, 2026
VTR stock FAQ
What is VTR's market cap?
Ventas's market capitalization is $44.52 billion as of October 23, 2026, ranking 255th in the S&P 500.
What is VTR's P/E ratio?
VTR trades at a trailing price-to-earnings ratio of 160.7x and a forward P/E of 109.9x. Its median P/E over the period we track is 42.0x.
Does VTR pay a dividend?
Yes. Ventas pays $2.08 per share a year, a 2.40% yield. It has raised its dividend 1 years in a row. Dividends grew 7.3% a year over the last five years.
How much has VTR stock returned?
Including reinvested dividends, VTR returned +27.1% over one year, +13.2% a year over five years, +6.8% a year over ten years through October 23, 2026.
Is VTR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Ventas must grow free cash flow about 36% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the VTR price target?
22 analysts cover VTR with an average 12-month price target of $100.50, +16% from the current price. 78% of them rate it a buy.
When does VTR report earnings?
Ventas is expected to report earnings on October 27, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Ventas have?
Ventas has about 542 full-time employees, or $11.8 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology