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Stock analysts at Mizuho initiated coverage on shares of Health Care REIT (NYSE:HCN) in a report issued on Wednesday. The firm set a “neutral” rating on the stock.

Shares of Health Care REIT (NYSE:HCN) opened at 64.37 on Wednesday. Health Care REIT has a 52 week low of $52.43 and a 52 week high of $68.09. The stock’s 50-day moving average is $63.1 and its 200-day moving average is $60.45. The company has a market cap of $18.761 billion and a P/E ratio of 257.04.

Health Care REIT (NYSE:HCN) last issued its quarterly 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 other analysts have also recently weighed in on HCN. Analysts at Jefferies Group raised their price target on shares of Health Care REIT from $65.00 to $70.00 in a research note on Tuesday. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $65.63.

In other Health Care REIT news, VP Erin C. Ibele sold 790 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $63.03, for a total value of $49,793.70. The transaction was disclosed in a document filed 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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