Market Cap
US$11.4b
Last Updated
2020/03/31 00:36 UTC
Data Sources
Company Financials +
Executive Summary
Ventas, Inc., an S&P 500 company, is a leading real estate investment trust.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -58.9% per year for the next 3 years
Snowflake Analysis
6 star dividend payer and good value.
Similar Companies
Share Price & News
How has Ventas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VTR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
12.0%
VTR
15.8%
US REITs
7.2%
US Market
1 Year Return
-54.7%
VTR
-20.1%
US REITs
-10.4%
US Market
Return vs Industry: VTR underperformed the US REITs industry which returned -20.1% over the past year.
Return vs Market: VTR underperformed the US Market which returned -10.4% over the past year.
Shareholder returns
| VTR | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.0% | 15.8% | 7.2% |
| 30 Day | -46.5% | -19.2% | -12.6% |
| 90 Day | -50.1% | -24.6% | -19.4% |
| 1 Year | -51.7%-54.7% | -16.8%-20.1% | -8.5%-10.4% |
| 3 Year | -46.8%-55.1% | -0.7%-13.1% | 15.8%8.3% |
| 5 Year | -42.7%-61.6% | 13.3%-10.2% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is Ventas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Investors Who Bought Ventas (NYSE:VTR) Shares Five Years Ago Are Now Down 34%2 months ago | Simply Wall St
Does Ventas, Inc.'s (NYSE:VTR) CEO Pay Matter?3 months ago | Simply Wall St
Need To Know: Ventas, Inc. (NYSE:VTR) Insiders Have Been Selling SharesValuation
Is Ventas undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VTR ($28.79) is trading below our estimate of fair value ($68.7)
Significantly Below Fair Value: VTR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VTR is good value based on its PE Ratio (24.3x) compared to the REITs industry average (24.3x).
PE vs Market: VTR is poor value based on its PE Ratio (24.3x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: VTR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: VTR is good value based on its PB Ratio (1x) compared to the US REITs industry average (1.3x).
Next Steps
Future Growth
How is Ventas forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-58.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VTR's earnings are forecast to decline over the next 3 years (-58.9% per year).
Earnings vs Market: VTR's earnings are forecast to decline over the next 3 years (-58.9% per year).
High Growth Earnings: VTR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VTR's revenue (2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: VTR's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VTR's Return on Equity is forecast to be low in 3 years time (6.8%).
Next Steps
Past Performance
How has Ventas performed over the past 5 years?
9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VTR has high quality earnings.
Growing Profit Margin: VTR's current net profit margins (11.2%) are higher than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: VTR's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: VTR's earnings growth over the past year (5.7%) is below its 5-year average (9.3% per year).
Earnings vs Industry: VTR earnings growth over the past year (5.7%) exceeded the REITs industry 5%.
Return on Equity
High ROE: VTR's Return on Equity (4.1%) is considered low.
Next Steps
Financial Health
How is Ventas's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: VTR has a high level of physical assets or inventory.
Debt Coverage by Assets: VTR's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: VTR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if VTR has a sufficient allowance for bad loans.
Low Risk Liabilities: VTR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if VTR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VTR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if VTR has an appropriate level of bad loans.
Next Steps
Dividend
What is Ventas's current dividend yield, its reliability and sustainability?
11.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VTR's dividend (11.01%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: VTR's dividend (11.01%) is in the top 25% of dividend payers in the US market (5.4%)
Stability and Growth of Payments
Stable Dividend: VTR's dividends per share have been stable in the past 10 years.
Growing Dividend: VTR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.6%), VTR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VTR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Deb Cafaro (61yo)
21s
Tenure
US$13,116,202
Compensation
Ms. Debra A. Cafaro, also known as Deb, J.D., has been the Chief Executive Officer at Ventas, Inc. since March 5, 1999 and has been its Chairman since January 28, 2003. Ms. Cafaro serves as a Chairman at T ...
CEO Compensation Analysis
Compensation vs Market: Deb's total compensation ($USD13.12M) is about average for companies of similar size in the US market ($USD11.74M).
Compensation vs Earnings: Deb's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21yrs | US$13.12m | 0.19% $22.0m | |
| Executive VP & CFO | 5.42yrs | US$5.00m | 0.016% $1.9m | |
| Executive VP & Chief Investment Officer | 9.25yrs | US$4.99m | 0.013% $1.5m | |
| Senior Advisor | 0.42yr | US$3.96m | 0.047% $5.4m | |
| Executive Vice President of Office | 1.83yrs | US$2.19m | 0.0011% $127.9k | |
| Senior VP | 4.42yrs | no data | 0.0036% $415.8k | |
| Senior VP & Chief Information Officer | 1.17yrs | no data | no data | |
| Vice President of Investor Relations | 1.17yrs | no data | no data | |
| Executive VP | no data | no data | no data | |
| Vice President of Marketing & Corporate Communications | no data | no data | no data |
3.1yrs
Average Tenure
54.5yo
Average Age
Experienced Management: VTR's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21yrs | US$13.12m | 0.19% $22.0m | |
| Independent Director | 3.67yrs | US$286.24k | 0.0028% $315.2k | |
| Independent Director | 18.42yrs | US$291.17k | 0.022% $2.5m | |
| Presiding Director | 3.83yrs | US$331.24k | 0.0033% $378.1k | |
| Independent Director | 8.67yrs | US$299.88k | 0.0080% $913.8k | |
| Independent Director | 8.83yrs | US$269.24k | 0.00071% $81.1k | |
| Independent Director | 5.42yrs | US$293.82k | 0.0028% $324.4k | |
| Independent Director | 3.67yrs | US$289.24k | 0.0028% $315.2k | |
| Independent Director | 0.67yr | no data | 0.00057% $65.1k | |
| Independent Director | 12yrs | US$291.24k | 0.0054% $617.9k |
7.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: VTR's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Top Shareholders
Company Information
Ventas, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ventas, Inc.
- Ticker: VTR
- Exchange: NYSE
- Founded: 1983
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: US$11.422b
- Market Cap: US$10.735b
- Shares outstanding: 375.85m
- Website: https://www.ventasreit.com
Number of Employees
Location
- Ventas, Inc.
- 353 North Clark Street
- Suite 3300
- Chicago
- Illinois
- 60654
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VTR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 1989 |
| VEN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1989 |
| 0LO4 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 1989 |
| VEN | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Sep 1989 |
| V1TA34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
Ventas, Inc., an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of senior housing communities, medical office buildings, university-based research and innovation centers, inpatient rehabilitation and long-term acute care facilities, and health systems. Through its Lillibridge subsidiary, Ventas provides management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. References to “Ventas” or the “Company” mean Ventas, Inc. and its consolidated subsidiaries unless otherwise expressly noted.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 00:36 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.