Health Care REIT Inc. (HCN) Plans Quarterly Dividend of $0.80
Health Care REIT (NYSE:HCN) declared a quarterly dividend on Thursday, May 1st, American Banking and Market News reports. Stockholders of record on Monday, May 12th will be given a dividend of 0.795 per share on Tuesday, May 20th. This represents a $3.18 dividend on an annualized basis and a yield of 5.03%.
A number of analysts have recently weighed in on HCN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Health Care REIT in a research note on Thursday, April 10th. They now have a $65.00 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Health Care REIT to $58.00 in a research note on Tuesday, March 11th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Health Care REIT presently has a consensus rating of “Hold” and a consensus target price of $64.86.
Shares of Health Care REIT (NYSE:HCN) traded up 0.25% on Thursday, hitting $63.25. The stock had a trading volume of 1,450,092 shares. Health Care REIT has a 52 week low of $52.43 and a 52 week high of $80.07. The stock has a 50-day moving average of $60.50 and a 200-day moving average of $58.62. The company has a market cap of $18.341 billion and a price-to-earnings ratio of 222.15.
Health Care REIT (NYSE:HCN) last announced its earnings results on Wednesday, February 19th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $788.58 million for the quarter, compared to the consensus estimate of $791.15 million. Analysts expect that Health Care REIT will post $4.03 EPS for the current fiscal year.
In other Health Care REIT news, EVP Charles Herman, Jr. unloaded 4,000 shares of Health Care REIT stock on the open market in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $63.00, for a total transaction of $252,000.00. Following the transaction, the executive vice president now directly owns 41,975 shares of the company’s stock, valued at approximately $2,644,425. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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