Ventas, Inc.
Ventas, Inc. (VTR) is listed on NYSE and classified in REIT - Healthcare Facilities, part of the Real Estate sector. It is headquartered in Chicago, United States and has 542 employees. The company is worth $44.62B and trades at 161.1x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $5.83B in fiscal 2025, up 18.5% from the year before. Net income was $261.52M. The share price is 14.4% below its 52-week high of $101.60. It pays a dividend yielding 2.39%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $260.17M. In that quarter, 4 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +83.0% over 5Y.
today you would have $1,897.88▲ +89.8%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $77.38 | $58.89 | $49.84 | $45.05 | $51.12 | $49.04 | $57.74 | $58.59 | $60.01 | $62.52 | $56.43 | $81.88 | $65.41 | $73.91 | $62.96 | $59.93 | $49.95 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 22.1 among peers in the sector.
Median P/E of 41.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| VMRKVivmark Residential | $63.57 | 24.4x | — | 4.42% | 8.49% | $49.19B |
| CBRECBRE Group Inc | $131.24 | 30.8x | 4.4x | 0.00% | 15.80% | $38B |
| ORealty Income Corp | $57.06 | 41.3x | 1.4x | 5.71% | 3.23% | $53.99B |
| PSAPublic Storage | $309.13 |
| $38.34 |
| $51.67 |
| P/E | 41.9x | 143.3x | 309.9x | — | — | 393.2x | 41.9x | 49.4x | 51.4x | 15.9x | 33.6x | 45.1x | 51.2x | 42.5x | 52.6x | 34.9x | 33.6x | 25.1x | 21.1x | 20.4x |
| P/S | 6.0x | 6.3x | 5.2x | 4.5x | 4.4x | 5.3x | 4.8x | 5.6x | 5.6x | 6.0x | 6.4x | 5.8x | 8.5x | 6.7x | 7.7x | 9.2x | 8.3x | 7.7x | 5.1x | 7.5x |
| P/B | 2.1x | 2.9x | 2.4x | 2.1x | 1.8x | 1.9x | 1.8x | 2.1x | 2.0x | 2.0x | 2.1x | 2.0x | 2.7x | 1.9x | 2.1x | 1.7x | 3.5x | 2.9x | 2.2x | 3.0x |
| EPS | $0.54 | $0.19 | -$0.10 | -$0.12 | $0.13 | $1.17 | $1.17 | $1.14 | $3.78 | $1.86 | $1.25 | $1.60 | $1.54 | $1.40 | $1.80 | $1.78 | $1.99 | $1.82 | $2.54 |
| Dividend yield | 4.20% | 2.48% | 3.06% | 3.61% | 4.00% | 3.52% | 4.37% | 5.49% | 5.40% | 5.19% | 4.74% | 5.78% | 4.14% | 4.77% | 3.83% | 4.17% | 4.08% | 4.69% | 6.11% | 4.20% |
| Payout | 201.63% | 355.56% | 947.37% | — | — | 1384.62% | 183.16% | 271.11% | 277.46% | 82.41% | 159.41% | 261.14% | 211.62% | 202.81% | 201.63% | 145.57% | 137.18% | 117.93% | 129.06% | 85.59% |
| Profit margin | 14.65% | 4.48% | 1.79% | -0.67% | -0.99% | 1.48% | 11.62% | 11.34% | 11.11% | 38.08% | 18.92% | 12.76% | 17.18% | 18.07% | 14.65% | 20.98% | 24.60% | 28.86% | 24.22% | 36.65% |
| ROE | 4.33% | 2.09% | 0.82% | -0.32% | -0.40% | 0.52% | 4.33% | 4.21% | 4.07% | 12.53% | 6.23% | 4.38% | 5.50% | 5.15% | 4.01% | 3.92% | 10.31% | 10.81% | 10.30% | 14.63% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 2.5% a year against a 7.7% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-67.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 28.5x |
| 11.2x |
| 3.88% |
| 21.93% |
| $57.76B |
| CCICrown Castle Inc | $78.83 | 31.5x | — | 5.39% | — | $34.45B |
| IRMIron Mountain Inc | $110.66 | 79.0x | — | 3.13% | — | $32.94B |