Adelante Capital Management LLC Sells 34,292 Shares of Ventas, Inc. $VTR

Key Points

• Adelante Capital Management LLC reduced its holdings in Ventas, Inc. by 6.6%, selling 34,292 shares and bringing their total to 488,664 shares, which accounts for 2.4% of their overall holdings.
• Analysts have positive outlooks for Ventas, with target price upgrades from firms like JPMorgan Chase and Morgan Stanley, reflecting increasing confidence in the stock.
• Insiders have been actively selling shares, including CEO Debra A. Cafaro who sold over 10,000 shares, indicating possible shifts in confidence or capital needs at the executive level.

Adelante Capital Management LLC lessened its position in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 6.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 488,664 shares of the real estate investment trust's stock after selling 34,292 shares during the quarter. Ventas makes up approximately 2.4% of Adelante Capital Management LLC's investment portfolio, making the stock its 14th largest holding. Adelante Capital Management LLC owned approximately 0.11% of Ventas worth $33,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ventas by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 68,941,561 shares of the real estate investment trust's stock valued at $4,740,422,000 after purchasing an additional 2,440,551 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Ventas by 9.5% during the first quarter. JPMorgan Chase & Co. now owns 32,347,333 shares of the real estate investment trust's stock valued at $2,224,203,000 after acquiring an additional 2,811,241 shares during the last quarter. Resolution Capital Ltd boosted its position in Ventas by 10.5% during the first quarter. Resolution Capital Ltd now owns 7,889,848 shares of the real estate investment trust's stock valued at $542,506,000 after acquiring an additional 751,587 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Ventas by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,414,404 shares of the real estate investment trust's stock worth $441,056,000 after acquiring an additional 281,232 shares during the period. Finally, Northern Trust Corp raised its position in shares of Ventas by 3.1% in the 1st quarter. Northern Trust Corp now owns 6,402,413 shares of the real estate investment trust's stock worth $440,230,000 after acquiring an additional 194,860 shares in the last quarter. Institutional investors and hedge funds own 94.18% of the company's stock.

Insider Buying and Selling at Ventas

In other news, CEO Debra A. Cafaro sold 14,753 shares of Ventas stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.60, for a total transaction of $967,796.80. Following the completion of the transaction, the chief executive officer directly owned 1,145,695 shares in the company, valued at $75,157,592. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert F. Probst sold 168,318 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $65.36, for a total transaction of $11,001,264.48. Following the sale, the chief financial officer directly owned 168,364 shares of the company's stock, valued at approximately $11,004,271.04. The trade was a 49.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,788 shares of company stock worth $18,279,081. Corporate insiders own 1.00% of the company's stock.

Ventas Stock Up 0.3%

Ventas stock traded up $0.19 during mid-day trading on Tuesday, reaching $68.27. The stock had a trading volume of 2,434,543 shares, compared to its average volume of 2,380,386. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.68 and a current ratio of 0.68. Ventas, Inc. has a fifty-two week low of $56.68 and a fifty-two week high of $71.36. The stock's 50-day simple moving average is $66.79 and its 200-day simple moving average is $66.28. The firm has a market capitalization of $31.03 billion, a PE ratio of 158.77, a price-to-earnings-growth ratio of 2.51 and a beta of 0.87.

Ventas (NYSE:VTR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. Ventas had a return on equity of 1.75% and a net margin of 3.61%.The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Ventas's revenue for the quarter was up 18.3% on a year-over-year basis. Ventas has set its FY 2025 guidance at 3.410-3.46 EPS. On average, sell-side analysts forecast that Ventas, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VTR. Scotiabank upped their target price on Ventas from $72.00 to $74.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Raymond James Financial reissued an "outperform" rating and issued a $78.00 price target (up from $74.00) on shares of Ventas in a research note on Friday, August 22nd. Morgan Stanley increased their price target on Ventas from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of Ventas from $72.00 to $76.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen downgraded shares of Ventas from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.36.

About Ventas

Ventas Inc NYSE: VTR is a leading S&P 500 real estate investment trust focused on delivering strong, sustainable shareholder returns by enabling exceptional environments that benefit a large and growing aging population. The Company's growth is fueled by its senior housing communities, which provide valuable services to residents and enable them to thrive in supported environments.