Ventas (VTR), a health-care real estate investment trust, continues to post strong growth in its senior-housing operations and is finding attractive investment opportunities, RBC Capital Markets said Friday in a report.

RBC increased its forecast for senior-housing operating income growth by about 100 basis points in 2026 and 2027 and said it still expects Ventas to complete $3 billion of acquisitions a year.

The senior-housing business continues to benefit from a strong operating backdrop, including pent-up demand and limited vacancy at well-run communities, reinforcing confidence in Ventas' long-term outlook, the report said.

Estimates imply core earnings growth of 9.3% in 2026, 11.3% in 2027, and 12.2% in 2028, RBC said. Occupancy in the senior-housing portfolio may rise to 93% in Q4, 94.9% in Q4 2027 and 96.1% in Q4 2028, the report said.

RBC raised its price target on Ventas stock to $98 from $91 and maintained its outperform rating.

Price: 88.00, Change: -0.02, Percent Change: -0.02