Ventas, Inc. (NYSE:VTR) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its stake in Ventas, Inc. (NYSE:VTR - Free Report) by 58.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,406 shares of the real estate investment trust's stock after selling 82,102 shares during the quarter. Thrivent Financial for Lutherans' holdings in Ventas were worth $3,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Community Trust NA bought a new position in Ventas in the 2nd quarter worth approximately $25,000. ORG Partners LLC bought a new position in shares of Ventas in the second quarter worth $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Ventas during the third quarter valued at $48,000. EdgeRock Capital LLC bought a new stake in shares of Ventas during the second quarter valued at about $41,000. Finally, Friedenthal Financial acquired a new stake in Ventas in the second quarter worth about $51,000. Institutional investors and hedge funds own 94.18% of the company's stock.

Ventas Trading Up 1.5 %

Shares of NYSE VTR traded up $0.95 during mid-day trading on Tuesday, hitting $64.15. 1,941,113 shares of the company traded hands, compared to its average volume of 2,407,219. 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, Inc. has a 1 year low of $41.45 and a 1 year high of $67.61. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of -371.88, a PEG ratio of 2.94 and a beta of 1.36. The business has a 50 day moving average of $64.08 and a two-hundred day moving average of $57.68.

Ventas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, October 1st. Ventas's dividend payout ratio is presently -1,058.82%.

Insiders Place Their Bets

In other news, CEO Debra A. Cafaro sold 6,827 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $63.20, for a total value of $431,466.40. Following the completion of the sale, the chief executive officer now directly owns 986,717 shares of the company's stock, valued at $62,360,514.40. This represents a 0.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter J. Bulgarelli sold 6,000 shares of the business'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 transaction of $389,940.00. Following the transaction, the chief executive officer now directly owns 90,795 shares in the company, valued at $5,900,767.05. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,079 shares of company stock worth $9,241,311 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Scotiabank raised 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. Wells Fargo & Company raised Ventas from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $61.00 to $71.00 in a report on Tuesday, October 1st. StockNews.com raised Ventas from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on Ventas from $52.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, August 9th. Finally, Evercore ISI raised 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. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.63.

Ventas 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.