The price of Ventas Inc (NYSE:VTR) shares last traded on Wall Street fell -3.13% to $62.20.
VTR stock price is now 6.64% away from the 50-day moving average and 25.41% away from the 200-day moving average. The market capitalization of the company currently stands at $25.70B.
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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, Bulgarelli Peter J., Executive Vice President bought 1,500 shares of the company’s stock on Sep 11 ’24. The stock was bought for $97,905 at an average price of $65.27. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, EVP OM&R-Ventas/Pres&CEO-LHS Bulgarelli Peter J. sold 6,000 shares of the business’s stock. A total of $389,942 was realized by selling the stock at an average price of $64.99. This leaves the insider owning 90,795 shares of the company worth $5.65 million. A total of 0.43% 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 $65.64. The fifty day moving average price for VTR is $58.5294 and a two-hundred day moving average price translates $49.6727 for the stock.
The latest earnings results from Ventas Inc (NYSE: VTR) was released for 2024-06-30. The net profit margin was -3.33% and return on equity was -1.60% for VTR. The company reported revenue of $1.2 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.55 percent.
