Adelante Capital Management LLC Has $13.97 Million Stake in Ventas, Inc. (NYSE:VTR)

Adelante Capital Management LLC cut its holdings in shares of Ventas, Inc. (NYSE:VTR - Free Report) by 64.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,867 shares of the real estate investment trust's stock after selling 387,429 shares during the quarter. Ventas comprises 0.6% of Adelante Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Adelante Capital Management LLC owned approximately 0.05% of Ventas worth $13,972,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. FMR LLC raised its stake in Ventas by 4.4% during the 3rd quarter. FMR LLC now owns 23,364,810 shares of the real estate investment trust's stock valued at $1,498,385,000 after purchasing an additional 982,795 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ventas by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,931,538 shares of the real estate investment trust's stock valued at $304,047,000 after buying an additional 96,482 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Ventas by 105.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,420,322 shares of the real estate investment trust's stock valued at $347,605,000 after buying an additional 2,778,408 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ventas by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,904,078 shares of the real estate investment trust's stock worth $314,499,000 after buying an additional 231,352 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ventas by 862.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,932,017 shares of the real estate investment trust's stock valued at $252,160,000 after acquiring an additional 3,523,594 shares during the period. 94.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VTR shares. Evercore ISI upped their target price on Ventas from $64.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company raised shares of Ventas from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. Scotiabank upped their target price on shares of Ventas from $59.00 to $65.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Wedbush increased their price target on shares of Ventas from $64.00 to $71.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada upped their price objective on Ventas from $52.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.63.

Insider Activity at Ventas

In related news, CEO Peter J. Bulgarelli sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $64.99, for a total value of $389,940.00. Following the completion of the sale, the chief executive officer now owns 90,795 shares of the company's stock, valued at $5,900,767.05. This trade represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Debra A. Cafaro sold 121,248 shares of the company's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $66.17, for a total value of $8,022,980.16. Following the transaction, the chief executive officer now directly owns 986,717 shares in the company, valued at approximately $65,291,063.89. This represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,079 shares of company stock valued at $9,241,311 over the last ninety days. 1.00% of the stock is owned by insiders.

Ventas Price Performance

Shares of VTR traded down $0.47 on Friday, hitting $64.07. The company's stock had a trading volume of 1,870,159 shares, compared to its average volume of 2,536,853. Ventas, Inc. has a fifty-two week low of $41.45 and a fifty-two week high of $67.61. The company has a 50 day moving average price of $64.17 and a 200 day moving average price of $58.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.39.

Ventas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.81%. Ventas's dividend payout ratio (DPR) is presently -1,058.76%.

Ventas Company Profile

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.