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Health Care REIT (NYSE:HCN) VP Erin C. Ibele sold 790 shares of the stock on the open market in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $63.03, for a total transaction of $49,793.70. Following the sale, the vice president now directly owns 55,316 shares of the company’s stock, valued at approximately $3,486,567. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 one year low of $52.43 and a one year high of $68.75. The stock’s 50-day moving average is $63.02 and its 200-day moving average is $60.19. The company has a market cap of $18.525 billion and a price-to-earnings 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.91 earnings per share. Health Care REIT’s revenue was up 27.3% compared to the same quarter last year. On average, analysts predict that Health Care REIT will post $4.07 earnings per share for the current fiscal year.

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, 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 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 stock. Health Care REIT currently has a consensus rating of “Hold” and a consensus price target of $64.57.

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

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