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Health Care REIT (NYSE:HCN) CFO Scott A. Estes sold 3,000 shares of Health Care REIT stock on the open market in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $63.05, for a total value of $189,150.00. Following the sale, the chief financial officer now directly owns 88,413 shares in the company, valued at approximately $5,574,440. The sale was disclosed in a filing with the SEC, which is available at this link.

HCN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Health Care REIT in a research note on Wednesday, July 9th. 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $64.57.

Health Care REIT (NYSE:HCN) traded up 0.60% during mid-day trading on Wednesday, hitting $63.56. 1,433,638 shares of the company’s stock traded hands. Health Care REIT has a 52 week low of $52.43 and a 52 week high of $68.75. The stock’s 50-day moving average is $63.01 and its 200-day moving average is $60.17. The company has a market cap of $18.525 billion and a P/E ratio of 252.72.

Health Care REIT (NYSE:HCN) last released its earnings data 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. On average, analysts predict that Health Care REIT will post $4.07 earnings per share for the current fiscal year.

Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).

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