Ventas (VTR) : Traders are bullish on Ventas (VTR) as it has outperformed the S&P 500 by a wide margin of 2.32% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.34% in the last 1 week, and is up 3.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 3.87%. Ventas (NYSE:VTR): stock turned positive on Friday. Though the stock opened at $74.1, the bulls momentum made the stock top out at $75.16 level for the day. The stock recorded a low of $74 and closed the trading day at $74.43, in the green by 0.65%. The total traded volume for the day was 1,381,150. The stock had closed at $73.95 in the previous days trading.
The company Insiders own 1.1% of Ventas shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.37% . Institutional Investors own 91.02% of Ventas shares. During last six month period, the net percent change held by insiders has seen a change of -34.37%. Also, Major Brokerage house, Citigroup maintains its ratings on Ventas (NYSE:VTR). In the latest research report, Citigroup raises the target price from $70 per share to $75 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 8, 2016.
Ventas, Inc. is a real estate investment trust (REIT). The Company has a portfolio of seniors housing and healthcare properties located throughout the United States, Canada and the United Kingdom. The Company operates through three segments: triple-net leased properties, senior living operations and MOB operations. The triple-net leased properties segment invests in seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under triple-net or absolute-net leases that obligate the tenants to pay all property-related expenses. The senior living operations segment invests in seniors housing communities throughout the United States and Canada and engages independent operators, such as Atria and Sunrise, to manage those communities. The MOB operations segment, acquires, owns, develops, leases, and manages MOBs throughout the United States. It invests in seniors housing and healthcare properties.