Health Care REIT EVP Unloads $63,000 in Stock (HCN)
Health Care REIT (NYSE:HCN) EVP Charles J. Herman, Jr. sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $63.00, for a total value of $63,000.00. Following the completion of the sale, the executive vice president now directly owns 41,975 shares in the company, valued at approximately $2,644,425. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HCN. Analysts at Zacks reiterated a “neutral” rating on shares of Health Care REIT in a research note on Wednesday. They now have a $66.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Health Care REIT from $60.00 to $62.00 in a research note on Friday, June 20th. Finally, analysts at TheStreet upgraded shares of Health Care REIT from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.57.
Health Care REIT (NYSE:HCN) traded down 0.11% during mid-day trading on Friday, hitting $62.82. The stock had a trading volume of 1,352,842 shares. Health Care REIT has a 52-week low of $52.43 and a 52-week high of $68.79. The stock has a 50-day moving average of $63.07 and a 200-day moving average of $59.90. The company has a market cap of $18.309 billion and a price-to-earnings ratio of 251.56.
Health Care REIT (NYSE:HCN) last announced its 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 $4.07 EPS for the current fiscal year.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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