In yesterday’s Wall Street session, Ventas Inc (NYSE:VTR) shares traded at $48.71, unchanged from the previous session.
VTR stock price is now 10.50% away from the 50-day moving average and 9.16% away from the 200-day moving average. The market capitalization of the company currently stands at $19.72B.
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With the price target maintained at $50, Evercore ISI recently Upgraded its rating from In-line to Outperform for Ventas Inc (NYSE: VTR). On February 26, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $52 to quote $46, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, RAKOWICH WALTER C, Director sold 2,145 shares of the company’s stock on May 15 ’24. The stock was sold for $103,814 at an average price of $48.40. Upon completion of the transaction, the Director now directly owns 26,031 shares in the company, valued at $1.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 10 ’24, SVP, Chief Accounting Officer Liebbe Gregory R sold 14,625 shares of the business’s stock. A total of $697,653 was realized by selling the stock at an average price of $47.70. This leaves the insider owning 12,524 shares of the company worth $0.61 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Ventas Inc has had a low of $39.33 and a high of $50.99.
The net profit margin was -1.58% and return on equity was -0.75% for VTR. The company reported revenue of $1.2 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.39 percent.
