Health Care REIT Lowered to Underperform at BMO Capital Markets (HCN)
Health Care REIT (NYSE:HCN) was downgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Health Care REIT from $77.00 to $70.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Health Care REIT from $61.00 to $63.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Health Care REIT in a research note to investors on Monday, October 14th. They now have a $61.00 price target on the stock, down previously from $63.00. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Health Care REIT presently has a consensus rating of “Hold” and a consensus price target of $67.24.
Health Care REIT (NYSE:HCN) opened at 53.57 on Thursday. Health Care REIT has a 1-year low of $52.43 and a 1-year high of $80.07. The stock has a 50-day moving average of $55.81 and a 200-day moving average of $61.81. The company has a market cap of $15.464 billion and a price-to-earnings ratio of 91.82.
Health Care REIT (NYSE:HCN) last released its earnings data on Tuesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.96 by $0.01. The company had revenue of $786.93 million for the quarter, compared to the consensus estimate of $635.72 million. During the same quarter last year, the company posted $0.91 earnings per share. Health Care REIT’s revenue was up 70.4% compared to the same quarter last year. Analysts expect that Health Care REIT will post $3.77 EPS for the current fiscal year.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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