Analyst Consensus ?
ConsensusBuy31 ratings
Bullish1858.1%
Neutral1238.7%
Bearish13.2%
Ventas, Inc. · VTR · FY2025 Q4 · Calendar Q1 2026
Ventas: Senior housing growth plan stays ambitious as guidance holds
The supplied analysis supports a constructive but conditional view of Ventas's growth case: demographic demand, limited new supply, occupancy gains, rent increases, and SHOP operating improvements support management's outlook. The case depends on disciplined acquisitions, successful conversions, and the company's ability to manage financing and execution risks.
Reported After market closeNYSEReal Estate
$42.31B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.15
Consensus $0.10
EPS surprise
+49.0%
Reported versus consensus
Reported revenue
$1.57B
Consensus $1.50B
Revenue surprise
+4.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.4%
Event window
SPY move
+1.9%
Same window
Abnormal move
+1.5%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+4.4%
Up to 20 sessions
VTRSPY benchmark
Ask FN2 about VTR FY2025 Q4
Transcript, numbers and history already loaded
Why did VTR rise 3.4% after beating EPS estimates in FY2025 Q4?What changed in VTR's guidance and outlook in FY2025 Q4?Give me the bull and bear case for VTR after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shows that Ventas maintained its 2026 outlook while extending its capital-deployment plan: $800 million of senior-housing acquisitions had closed in 2026 against a $2.5 billion target. Management also emphasized occupancy, dynamic pricing, the Ventas OI platform, and continued Brookdale conversions; the key new risks are acquisition competition, financing needs, and refinancing exposure.
Guidance delta
Management maintained its 2026 outlook for high-single-digit normalized FFO growth, 10% total-company same-store NOI growth, and an 8% dividend increase.
Key takeaways
- Ventas reported double-digit same-store NOI growth in SHOP and a 9% increase in 2025 normalized FFO per share.
- Management maintained a high-single-digit 2026 FFO-growth outlook while highlighting occupancy gains, rent increases, and operating improvements.
- The company closed $800 million of senior-housing acquisitions in 2026 and is targeting $2.5 billion for the year.
- The main trade-off is growth ambition versus acquisition competition, financing needs, conversion execution, and refinancing risk.
Management priorities
- Deploy capital toward the 2026 senior-housing acquisition target and pursue the identified pipeline.
- Continue Brookdale triple-net-to-SHOP conversions and capital-refresh projects.
- Expand the Ventas OI platform, including dynamic pricing and operator engagement.
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Analyst 52W Price Targets
$86.24Current
$51Low
$83.31Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 21, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Sep 2, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 1, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 31, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 14, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 11, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 4, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Jefferies | Buy | Buy | Maintain | May 13, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 11, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 7, 2026 |
| UBS | Neutral | Neutral | Maintain | May 4, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 26, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 22, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 15, 2025 |
| Wedbush | Outperform | Outperform | Maintain | Feb 14, 2025 |
| Baird | Outperform | Neutral | Upgrade | Jan 17, 2025 |
| B of A Securities | Buy | Neutral | Upgrade | Jan 16, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 12, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 13, 2022 |
| SMBC Nikko | Neutral | Outperform | Downgrade | Nov 22, 2021 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Oct 30, 2019 |
| Stifel | Hold | Buy | Downgrade | Oct 30, 2019 |
| Capital One Financial | Equal Weight | Overweight | Downgrade | Oct 28, 2019 |
| Capital One | Equal Weight | Overweight | Downgrade | Oct 28, 2019 |
| Bank of America | Neutral | Neutral | Maintain | Jul 10, 2018 |
| Goldman Sachs | Sell | Neutral | Downgrade | Mar 15, 2017 |
| Hilliard Lyons | Neutral | Underperform | Upgrade | Nov 11, 2016 |
| Macquarie | Neutral | Underperform | Upgrade | Feb 21, 2013 |
| Morgan Keegan | Outperform | Outperform | Maintain | Feb 21, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $86.24. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Evercore ISI | Analyst unavailable | $100 | $87.22 | +16.0% | Sep 21, 2026 |
| Jefferies | Joe Dickstein | $102 | $89.1 | +18.3% | Sep 15, 2026 |
| Wells Fargo | Analyst unavailable | $104 | $91.18 | +20.6% | Sep 1, 2026 |
| Barclays | Analyst unavailable | $102 | $91.8 | +18.3% | Aug 31, 2026 |
| BMO Capital | Analyst unavailable | $107 | $91.91 | +24.1% | Aug 11, 2026 |
| Cantor Fitzgerald | Richard Anderson | $102 | $92.15 | +18.3% | Jul 31, 2026 |
| Mizuho Securities | Analyst unavailable | $104 | $97.62 | +20.6% | Jul 22, 2026 |
| Barclays | Richard Hightower | $99 | $92.21 | +14.8% | Jul 7, 2026 |
| Scotiabank | Nicholas Yulico | $88 | $81.18 | +2.0% | Jun 18, 2026 |
| Raymond James | Analyst unavailable | $94 | $83.89 | +9.0% | Jun 16, 2026 |
| Deutsche Bank | Omotayo Okusanya | $100 | $83.46 | +16.0% | Jun 16, 2026 |
| Mizuho Securities | Vikram Malhotra | $98 | $88 | +13.6% | May 22, 2026 |
| Scotiabank | Nicholas Yulico | $95 | $88.28 | +10.2% | May 21, 2026 |
| Goldman Sachs | Analyst unavailable | $110 | $88.14 | +27.6% | May 19, 2026 |
| Jefferies | Analyst unavailable | $100 | $88.53 | +16.0% | May 12, 2026 |
| KeyBanc | Analyst unavailable | $95 | $85.34 | +10.2% | May 7, 2026 |
| BMO Capital | Juan Sanabria | $100 | $88.04 | +16.0% | May 4, 2026 |
| RBC Capital | Analyst unavailable | $98 | $88.02 | +13.6% | May 4, 2026 |
| UBS | Analyst unavailable | $93 | $88.02 | +7.8% | May 4, 2026 |
| Evercore ISI | Analyst unavailable | $95 | $87.25 | +10.2% | Apr 29, 2026 |
| Morgan Stanley | Analyst unavailable | $90 | $85.25 | +4.4% | Feb 13, 2026 |
| Argus Research | Analyst unavailable | $88 | $83.38 | +2.0% | Feb 10, 2026 |
| RBC Capital | Analyst unavailable | $91 | $82.79 | +5.5% | Feb 10, 2026 |
| Goldman Sachs | Julien Blouin | $100 | $82.75 | +16.0% | Feb 9, 2026 |
| UBS | Michael Goldsmith | $85 | $83.12 | -1.4% | Feb 9, 2026 |
| Goldman Sachs | Analyst unavailable | $94 | $75.08 | +9.0% | Jan 9, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $93 | $75.4 | +7.8% | Jan 5, 2026 |
| Jefferies | Analyst unavailable | $93 | $78.7 | +7.8% | Dec 15, 2025 |
| KeyBanc | Austin Wurschmidt | $85 | $80 | -1.4% | Dec 4, 2025 |
| Wells Fargo | Analyst unavailable | $88 | $79.76 | +2.0% | Nov 25, 2025 |
| Cantor Fitzgerald | Analyst unavailable | $85 | $73.76 | -1.4% | Oct 31, 2025 |
| Wells Fargo | Analyst unavailable | $80 | $71.5 | -7.2% | Oct 21, 2025 |
| Cantor Fitzgerald | Richard Anderson | $77 | $69.99 | -10.7% | Oct 1, 2025 |
| UBS | Michael Goldsmith | $73 | $67.18 | -15.4% | Sep 19, 2025 |
| Scotiabank | Analyst unavailable | $74 | $67.54 | -14.2% | Aug 28, 2025 |
| Raymond James | Analyst unavailable | $78 | $67.79 | -9.6% | Aug 22, 2025 |
| Argus Research | Analyst unavailable | $75 | $67.87 | -13.0% | Mar 7, 2025 |
| Scotiabank | Analyst unavailable | $72 | $69.18 | -16.5% | Feb 28, 2025 |
| Evercore ISI | James Kammert | $70 | $64.91 | -18.8% | Sep 16, 2024 |
| Wedbush | Richard Anderson | $71 | $64.16 | -17.7% | Sep 10, 2024 |
| Evercore ISI | James Kammert | $64 | $60.28 | -25.8% | Aug 28, 2024 |
| RBC Capital | Michael Carroll | $63 | $59.1 | -26.9% | Aug 9, 2024 |
| Scotiabank | Nicholas Yulico | $59 | $58.56 | -31.6% | Aug 7, 2024 |
| Evercore ISI | James Kammert | $56 | $52.64 | -35.1% | Jul 15, 2024 |
| Morgan Stanley | Ronald Kamdem | $52.5 | $52.69 | -39.1% | Jul 11, 2024 |
| Scotiabank | Nicholas Yulico | $52 | $49.59 | -39.7% | Jun 12, 2024 |
| RBC Capital | Michael Carroll | $52 | $47.14 | -39.7% | May 7, 2024 |
| Evercore ISI | Steve Sakwa | $51 | $47.05 | -40.9% | May 7, 2024 |
| Evercore ISI | Steve Sakwa | $50 | $42.77 | -42.0% | Mar 18, 2024 |
| RBC Capital | Analyst unavailable | $56 | $44.29 | -35.1% | Nov 23, 2022 |
| Morgan Stanley | Analyst unavailable | $54 | $48.26 | -37.4% | Aug 31, 2022 |
| Raymond James | Analyst unavailable | $55 | $47.55 | -36.2% | Aug 31, 2022 |
| Raymond James | Analyst unavailable | $60 | $52.43 | -30.4% | Jul 26, 2022 |
| Morgan Stanley | Analyst unavailable | $52 | $50.74 | -39.7% | Jul 15, 2022 |
| Deutsche Bank | Analyst unavailable | $65 | $50.25 | -24.6% | Jul 13, 2022 |
| Mizuho Securities | Analyst unavailable | $61 | $51.43 | -29.3% | Jul 1, 2022 |
| Morgan Stanley | Analyst unavailable | $59 | $56.74 | -31.6% | Jun 1, 2022 |
| RBC Capital | Analyst unavailable | $63 | $56.09 | -26.9% | May 20, 2022 |
| Deutsche Bank | Derek Johnston | $64 | $51.56 | -25.8% | Feb 17, 2022 |
| Credit Suisse | Omotayo Okusanya | $53 | $52.03 | -38.5% | Feb 1, 2022 |
| Robert W. Baird | Dave Rodgers | $60 | $50.93 | -30.4% | Jan 26, 2022 |
| Citigroup | Nicholas Joseph | $63 | $46.96 | -26.9% | Dec 14, 2021 |
| SMBC Nikko | Richard Anderson | $55 | $49.51 | -36.2% | Nov 22, 2021 |
| Capital One Financial | Daniel Bernstein | $65 | $55.75 | -24.6% | Jun 30, 2021 |
| Scotiabank | Nicholas Yulico | $63 | $55.75 | -26.9% | Jun 30, 2021 |
| KeyBanc | Jordan Sadler | $65 | $56.06 | -24.6% | Jun 29, 2021 |
| Stifel Nicolaus | Steve Manaker | $57 | $56.19 | -33.9% | Jun 28, 2021 |
| Barclays | Steven Valiquette | $67 | $56.27 | -22.3% | Jun 11, 2021 |
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Start freeCompany context
Snapshot as of publicationVentas, Inc. is an S&P 500 company enabling exceptional environments that benefit a large and growing aging population. With approximately 1,450 properties in North America and the United Kingdom, Ventas occupies an essential role in the longevity economy. The Company’s growth is fueled by its more than 900 senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments. Ventas aims to deliver outsized performance by leveraging its operational expertise, data-driven insights from its Ventas OITM platform, extensive relationships and strong financial position. The Ventas portfolio also includes outpatient medical buildings, research centers and healthcare facilities. Ventas, Inc. is based in Illinois, Chicago. Ventas, Inc. was incorporated in 1983 in Maryland.
Historical context
All VTR earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-29T14:41:06.424281+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-29T14:41:06.421562+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-29. For educational purposes only; not investment advice.