Reading the tape
NYSE: VTR
Ventas, Inc.
Real Estate · REIT - Healthcare Facilities
Market Cap
$42.42B
52w High
$88.50
52w Low
$61.76
P/E
159.55
Volume
4.81M
Outstanding Shares
486.17M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 33.06%Revenue (TTM): 20.67%FCF (TTM): -56.66%P/FCF: 100th pct
What changed
The stock rose 33.06% over the last year. Revenue grew 20.67% over the trailing twelve months. Operating margin moved from 14.11% to 13.38%. Free cash flow declined 56.66% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 13.38%. A decisive move in revenue — currently up 20.67% — would be the clearest signal to resolve the ambiguity.
Company profile
Ventas, an S&P 500 company, operates at the intersection of two powerful and dynamic industries: healthcare and real estate.
CEODebra A. Cafaro
SectorReal Estate
IndustryREIT - Healthcare Facilities
Employees498
IPO dateMay 5, 1997
Valuation
Forward P/E—
EV/EBITDA21.30
Enterprise value$47.69B
Price / Book3.39
Stock splits
Aug 18, 2015↓ Reverse
Every 10000 shares became 8757
Oct 26, 1994↑ Forward
Every 2 shares became 3
Jan 16, 1992↑ Forward
Every 4 shares became 5
Jun 18, 1991↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth22.01%
Gross margin-4.26%▼113.85%vs FY2024
Operating margin13.38%▲2.44%vs FY2024
ROE2.01%▲166.34%vs FY2024
Analyst consensus
RatingBuy
Target price$93.91▲7.62%
19
Buy
11
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $0.16 · Revenue est $1.64B
View
Dividends
$1.96/shareQuarterly4yr growth streakSafeVTR pays a dividend with a 2.25% dividend yield, 4 consecutive years of growth, covered 1.5× by free cash flow.
Dividend Yield
2.25%
Annual Div / Share
$1.96
5yr CAGR
-2.17%
Dividend has been cut
FCF Coverage
1.5×
Safe
Dividend Growth Rate
3yr CAGR
+2.17%
5yr CAGR
-2.17%
10yr CAGR
-5.17%
Dividend Safety
8/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$1.92+6.7%
2024$1.80+0.0%
2023$1.80+0.0%
2022$1.80+0.0%
2021$1.80-16.0%
2020$2.14-32.4%
2019$3.17+0.2%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$22/yr
$2/mo
In 5 yrs
$22/yr
$2/mo
In 10 yrs
$22/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$22/yr $2/mo | $22/yr $2/mo | $22/yr $2/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -2.17% is negative, indicating the payout has been cut over this period.