Adelante Capital Management LLC Takes Position in Ventas, Inc. $VTR

Key Points

• Adelante Capital Management acquired 593,888 Ventas shares worth approximately $52.7 million, making VTR its eighth-largest holding and representing about 3.5% of its portfolio.
• Ventas reported quarterly earnings of $0.97 per share, narrowly exceeding estimates, while revenue rose 21.7% year over year to $1.73 billion.
• Analysts maintain a “Moderate Buy” consensus, with 14 Buy ratings and three Holds and an average price target of $98, compared with the stock’s reported opening price of $93.73.

Adelante Capital Management LLC acquired a new position in shares of Ventas, Inc. (NYSE:VTR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 593,888 shares of the real estate investment trust's stock, valued at approximately $52,737,000. Ventas makes up approximately 3.5% of Adelante Capital Management LLC's portfolio, making the stock its 8th biggest holding. Adelante Capital Management LLC owned 0.12% of Ventas at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Angeles Wealth Management LLC raised its position in Ventas by 4.0% during the first quarter. Angeles Wealth Management LLC now owns 3,329 shares of the real estate investment trust's stock valued at $274,000 after buying an additional 128 shares during the period. IHT Wealth Management LLC boosted its position in Ventas by 3.2% during the 4th quarter. IHT Wealth Management LLC now owns 4,415 shares of the real estate investment trust's stock worth $343,000 after acquiring an additional 137 shares during the period. Sequoia Financial Advisors LLC grew its stake in Ventas by 1.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,894 shares of the real estate investment trust's stock valued at $1,054,000 after acquiring an additional 148 shares in the last quarter. Parallel Advisors LLC grew its stake in Ventas by 4.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,970 shares of the real estate investment trust's stock valued at $278,000 after acquiring an additional 175 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Ventas by 60.5% in the 4th quarter. Manchester Capital Management LLC now owns 491 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 185 shares during the period. 94.18% of the stock is currently owned by institutional investors and hedge funds.

Ventas Trading Down 0.1%

Ventas stock opened at $93.73 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.44 and a current ratio of 0.44. The business's 50-day simple moving average is $91.99 and its 200-day simple moving average is $87.47. The firm has a market capitalization of $48.08 billion, a PE ratio of 173.57, a PEG ratio of 2.16 and a beta of 0.69. Ventas, Inc. has a 52 week low of $66.38 and a 52 week high of $101.60.

Ventas (NYSE:VTR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. Ventas had a return on equity of 1.99% and a net margin of 4.08%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $0.87 EPS. Ventas's revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts forecast that Ventas, Inc. will post 3.89 earnings per share for the current year.

Wall Street Analyst Weigh In

VTR has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Ventas from $95.00 to $88.00 and set a "sector perform" rating for the company in a research report on Thursday, June 18th. JPMorgan Chase & Co. boosted their price target on shares of Ventas from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Ventas from $93.00 to $96.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. KeyCorp increased their price objective on Ventas from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $110.00 target price on shares of Ventas in a research note on Tuesday, May 19th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

Insider Activity

In other news, Director Michael J. Embler purchased 2,500 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $78.81 per share, with a total value of $197,025.00. Following the acquisition, the director directly owned 19,202 shares of the company's stock, valued at approximately $1,513,309.62. This trade represents a 14.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.53% of the company's stock.

Ventas Company Profile

Ventas, Inc NYSE: VTR is a real estate investment trust (REIT) that specializes in healthcare-related real estate. The company acquires, owns and manages a diversified portfolio of properties serving the healthcare continuum, including senior housing communities, skilled nursing facilities, medical office buildings, life science and research centers, and other properties leased to healthcare providers and operators. Ventas generates revenue through long-term leases, property management and selective development activities focused on meeting the real estate needs of the healthcare sector.

Ventas' business model combines property ownership with active asset management and capital markets activity.

Want to see what other hedge funds are holding VTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ventas, Inc. (NYSE:VTR - Free Report).

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