In yesterday’s Wall Street session, Ventas Inc (NYSE:VTR) shares traded at $57.73, down -1.65% from the previous session.
VTR stock price is now -8.92% away from the 50-day moving average and 5.06% away from the 200-day moving average. The market capitalization of the company currently stands at $24.88B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $61 to $71, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Ventas Inc (NYSE: VTR). On March 18, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock keeping its target price maintained at $50, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, CAFARO DEBRA A, Chairman and CEO sold 121,248 shares of the company’s stock on Oct 29 ’24. The stock was sold for $8,022,701 at an average price of $66.17. Upon completion of the transaction, the Chairman and CEO now directly owns 986,717 shares in the company, valued at $56.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’24, Chairman and CEO CAFARO DEBRA A sold 34,085 shares of the business’s stock. A total of $2,272,341 was realized by selling the stock at an average price of $66.67. This leaves the insider owning 986,717 shares of the company worth $56.96 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 $41.45 and a high of $67.61. The fifty day moving average price for VTR is $63.3826 and a two-hundred day moving average price translates $54.94935 for the stock.
The latest earnings results from Ventas Inc (NYSE: VTR) was released for 2024-09-30. The net profit margin was -1.38% and return on equity was -0.68% for VTR. The company reported revenue of $1.24 billion for the quarter, compared to $1.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.52 percent.
