Ventas (VTR)
Owns senior housing, outpatient medical buildings, research centers, and triple-net healthcare properties.
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Owns senior housing communities, outpatient medical buildings, research centers, hospitals, and other healthcare real estate across North America and the U.K. Resident fees drive the operating portfolio, while medical, research, and triple-net assets produce rent through leases shaped by operator performance, tenant credit, healthcare regulation, and REIT rules.
Owns senior housing communities, outpatient medical buildings, research centers, hospitals, and other healthcare facilities across the United States, Canada, and the United Kingdom.
Collects resident fees and bears property costs in the Senior Housing Operating Portfolio (SHOP), where third-party managers run communities. The Outpatient Medical and Research portfolio (OM&R) and Triple-Net Leased Properties (NNN) produce rent; triple-net tenants generally cover property expenses. Operating data and operator relationships guide acquisitions, manager selection, and property performance. Recent investment has concentrated on senior housing.
Results depend on manager execution, tenant credit, hospital and university affiliations, and access to capital. Healthcare licensing, reimbursement, property regulation, and REIT distribution and asset tests constrain operations and financing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $95 | Target: $100 |
| Sep 15, 2026 | Jefferies | Target | Target: $100 | Target: $102 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $88 | Target: $104 |
| Aug 31, 2026 | Barclays | Reiterate | Rating: —Target: $99 | Target: $102 |
| Aug 11, 2026 | BMO Capital | Reiterate | Rating: —Target: $100 | Target: $107 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $199.0M · Total debt $13.65B · Total assets $29.66B · Shareholders' equity $14.65B
- Revenue
- $1.73B
- Operating income
- $216.0M
- Net income
- $74.1M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 102.97% | 528.21M shares | |
|---|---|---|---|
| 976 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.19% | 993.5K shares | |
| 17 holders · as of Aug 4, 2026 | |||
| Adds to | 103.16% | ||
512.95M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.16%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.87% | 55.78M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 8.52% | 43.69M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.31% | 42.63M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.19% | 31.76M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.95% | 30.53M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Michael J. Embler | director | +2,500 | $78.81 |
| May 14, 2026 | Walter C. Rakowich | director | −1,152 | $90.20 |
| Feb 11, 2026 | Carey S. Roberts | officer: EVP and GC | −35,532 | $85.00 |
| Feb 6, 2026 | Debra A. Cafaro | director, officer: Chairman and CEO | −10,322 | $82.23 |
| Feb 2, 2026 | Debra A. Cafaro | director, officer: Chairman and CEO | −10,322 | $77.66 |
- Welltower
Largest healthcare REIT; dominant SHOP and outpatient medical peer.
- Healthpeak Properties
Diversified healthcare REIT; life science and OMB overlap with VTR.
- Alexandria Real Estate Equities
Pioneer life science REIT; Megacampus competes with Wexford for tenants.
- Healthcare Realty
Largest pure-play MOB REIT; direct outpatient medical overlap with VTR.
- Omega Healthcare Investors
SNF-dominant NNN REIT; overlaps VTR's residual NNN, expanding to SHOP.
- Sabra Health Care REIT
Mid-cap REIT, CCP lineage; SNF NNN and growing managed senior housing.
- National Health Investors
Mid-cap NNN/SHOP REIT; private-pay senior housing focus, smaller scale than VTR.
- LTC Properties
Small-cap REIT pivoting to SHOP; senior housing NNN and operating.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ventas | $87.03 | −0.01% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Welltower | $230.93 | −0.79% | $167.72B | 123.2 | 83.3 | 13.3 | +39.1% |
| Healthpeak Properties | $20.68 | −0.22% | $14.28B | 59.2 | 104.4 | 4.8 | +10.5% |
| Alexandria Real Estate Equities | $53.99 | +1.21% | $9.30B | — | — | 3.1 | −12.8% |
| Healthcare Realty | $18.26 | −0.08% | $6.41B | — | 317.4 | 5.6 | −1.8% |
| Omega Healthcare Investors | $46.33 | −1.08% | $14.01B | 16.7 | 23.9 | 10.8 | +11.5% |
| Sabra Health Care REIT | $19.79 | −0.40% | $5.01B | 75.7 | 27.3 | 5.8 | +24.7% |
| National Health Investors | $67.36 | −0.75% | $3.29B | 19.6 | 19.8 | 7.6 | +1.6% |
| LTC Properties | $42.28 | −1.40% | $2.19B | 15.4 | 21.5 | 6.3 | −46.2% |
| Median | 39.4 | 27.3 | 6.1 | +6.0% |