Health Care REIT Price Target Raised to $71.00 at Barclays (HCN)
Barclays hoisted their price target on shares of Health Care REIT (NYSE:HCN) from $63.00 to $71.00 in a research note issued on Friday, AnalystRatings.NET reports. Barclays’ price objective suggests a potential upside of 10.27% from the stock’s previous close.
In other Health Care REIT news, EVP Charles Herman, Jr. sold 4,000 shares of Health Care REIT stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $63.00, for a total transaction of $252,000.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Health Care REIT has an average rating of “Hold” and an average target price of $64.01.
Health Care REIT (NYSE:HCN) opened at 64.39 on Friday. Health Care REIT has a 1-year low of $52.43 and a 1-year high of $80.07. The stock’s 50-day moving average is $61.49 and its 200-day moving average is $58.59. The company has a market cap of $18.671 billion and a price-to-earnings ratio of 226.44.
Health Care REIT (NYSE:HCN) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The company had revenue of $801.80 million for the quarter, compared to the consensus estimate of $796.68 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. Analysts expect that Health Care REIT will post $4.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, May 20th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.795 per share. This represents a $3.18 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Thursday, May 8th.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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