Ventas Earnings: Strong Sequential Occupancy Growth in Senior Housing Keeps NOI Growth High
Ventas reported normalized funds from operations of $0.99 per share and same-store net operating income growth of 10.6% for the third quarter.
Ventas Inc VTR
Bulls Say, Bears Say
Bulls
Ventas enjoys industry tailwinds, including an aging population and regulatory changes that expand the pool of participants in the healthcare system.
Bears
Regulation notably affects the operations of Ventas and its tenants. If the company does not anticipate and adapt to changes, performance could meaningfully decline.
News
Trading Information
- Previous Close Price
- $90.34
- Day Range
- $89.38–90.60
- 52-Week Range
- $73.82–101.60
- Bid/Ask
- $89.59 / $90.41
- Shares Outstanding
- 528.82M
- Market Cap
- $47.82B
- Volume/Avg
- 2M / 4M
Key Statistics
- Price/Earnings (Normalized)
- 146.30
- Price/Sales
- 6.61
- Dividend Yield (Trailing)
- 2.26%
- Dividend Yield (Forward)
- 2.30%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 2.26%
Company Profile
Ventas owns a diversified healthcare portfolio of almost 1,400 in-place properties spread across the senior housing, medical office, hospital, life science, and skilled nursing/post-acute care. The portfolio includes almost 100 properties in Canada and the United Kingdom as the company looks for additional investment opportunities in countries with mature healthcare systems that operate similarly to the United States. The firm also owns mortgages and other loans, contributing about 1% of net operating income.
- Sector
- Real Estate
- Industry
- REIT - Healthcare Facilities
- Stock Style Box
- Mid Growth
- Total Number of Employees
- 542
- Website
- https://www.ventasreit.com
Competitors
Valuation
Metric | VTR | VMRK | WELL |
|---|---|---|---|
Price/Earnings (Normalized) | 146.30 | 47.57 | 58.38 |
Price/Book Value | 3.02 | 1.42 | 3.73 |
Price/Sales | 6.61 | 8.30 | 13.28 |
Price/Cash Flow | 24.14 | 22.06 | 47.08 |
Price/Earnings
VTR
VMRK
WELL
Financial Strength
Metric | VTR | VMRK | WELL |
|---|---|---|---|
Quick Ratio | 0.58 | 0.15 | 2.24 |
Current Ratio | 0.74 | 0.25 | 2.28 |
Interest Coverage | 1.33 | 0.62 | 0.65 |
Quick Ratio
VTR
VMRK
WELL
Profitability
Metric | VTR | VMRK | WELL |
|---|---|---|---|
Return on Assets (Normalized) | 1.12% | 0.54% | 4.63% |
Return on Equity (Normalized) | 2.34% | 0.95% | 7.12% |
Return on Invested Capital (Normalized) | 2.97% | 1.64% | 5.77% |
Return on Assets
VTR
VMRK
WELL
REIT - Healthcare Facilities Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Welltower Inc WELL | LOCK|sLS^vV> | LOCK|%^! | $182B | |||
| Omega Healthcare Investors Inc OHI | — | LOCK|Kj | $15B | |||
| Healthpeak Properties Inc DOC | LOCK|r@&!fd | LOCK|y%m | $14B | |||
| American Healthcare REIT Inc Ordinary Shares AHR | — | LOCK|!ns& | $14B | |||
| CareTrust REIT Inc CTRE | — | LOCK|dp$P! | $10B | |||
| Healthcare Realty Trust Inc HR | — | LOCK|!F | $7B | |||
| Aedifica SA AEDFF | — | LOCK|H# | $6B | |||
| Sabra Health Care REIT Inc SBRA | — | LOCK|BG> | $6B | |||
| Chartwell Retirement Residences CWSRF | — | LOCK|@Z! | $5B |
United States