The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ventas Inc. shares valued at $1,736,834 were sold by CAFARO DEBRA A on Feb 02. At $52.74 per share, CAFARO DEBRA A sold 32,932 shares. The insider’s holdings dropped to 863,555 shares worth approximately $41.35 million following the completion of this transaction.
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Also, CAFARO DEBRA A sold 548 shares, netting a total of over 28,501 in proceeds. Following the sale of shares at $52.01 each, the insider now holds 870,851 shares.
Before that, CAFARO DEBRA A had sold 17,400 shares from its account. In a trade valued at $981,929, the Chairman and CEO traded Ventas Inc. shares for $56.43 each. Upon closing the transaction, the insider’s holdings decreased to 17,400 shares, worth approximately $36.77 million.
As published in a research note from Credit Suisse on November 01, 2022, Ventas Inc. [VTR] has been retained to an Outperform and the price target has been revised to $48. This represents a 0.25% premium over Thursday’s closing price. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 10, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for VTR. Earlier on June 30, 2022, Jefferies upgraded its rating. Their new recommendation was “a Buy” for VTR stock which previously was a “a Hold”.
Analyzing VTR Stock Performance
On Thursday, Ventas Inc. [NYSE: VTR] rose 0.72% to $47.88. The stock’s lowest price that day was $47.03, but it reached a high of $48.115 in the same session. During the last five days, there has been a drop of approximately -5.19%. Over the course of the year, Ventas Inc. shares have jumped approximately 6.28%. Shares of the company reached a 52-week high of $53.15 on 02/02/23 and a 52-week low of $44.74 on 01/03/23. A 50-day SMA is recorded $49.02, while a 200-day SMA reached $47.80. Nevertheless, trading volume fell to 2.31 million shares from 3.27 million shares the previous day.
Support And Resistance Levels for Ventas Inc. (VTR)
According to the 24-hour chart, there is a support level at 47.24, which, if violated, would cause prices to drop to 46.59. In the upper region, resistance lies at 48.32. The next price resistance is at 48.76. RSI (Relative Strength Index) is 37.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.84, which suggests the price will decrease in the coming days. Percent R is at 78.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Ventas Inc. subject to short interest?
Stocks of Ventas Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -1.41 million shares to 8.33 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 9.74 million shares. A decline of -16.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.14 of the overall float, the days-to-cover ratio (short ratio) decline to 4.14.
Which companies own the most shares of Ventas Inc. (VTR)?
According to The Vanguard Group, Inc. filings, the company currently owns 63,469,083 shares, which is about 15.88% of the total VTR shares outstanding. The investor’s shares have appreciated by 101,280 from its previous 13-F filing of 63367803.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $1,504,244,338. BlackRock Fund Advisors reduced a -1.12% interest valued at $1.4 billion while JPMorgan Investment Management, I purchased a 867,299 stake. A total of -52,122 shares of Ventas Inc. were bought by APG Asset Management US, Inc. during the quarter, and -541,554 were sold by Principal Global Investors LLC. In its current portfolio, Fidelity Management & Research Co holds 10,966,751 shares valued at $568.19 million.
In terms of Ventas Inc. share price expectations, FactSet research, analysts set an average price target of $54.89 in the next 12 months, up nearly 15.69% from the previous closing price of $47.54. Analysts anticipate Ventas Inc. stock to reach $80.00 by 2023, with the lowest price target being $45.00. On June 23, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and initiated coverage with a $63.