Health Care REIT (HCN) to Release Earnings on Friday
Health Care REIT (NYSE:HCN) is scheduled to release its Q214 earnings data on Friday, August 1st. Analysts expect Health Care REIT to post earnings of $1.02 per share and revenue of $807.17 million for the quarter. Health Care REIT has set its FY14 guidance at $4.03-4.13 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Health Care REIT (NYSE:HCN) last announced its earnings results on Thursday, May 8th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts expect Health Care REIT to post $4.07 EPS for the current fiscal year and $4.24 EPS for the next fiscal year.
Health Care REIT (NYSE:HCN) opened at 64.03 on Thursday. Health Care REIT has a 52-week low of $52.43 and a 52-week high of $66.76. The stock has a 50-day moving average of $63.24 and a 200-day moving average of $60.90. The company has a market cap of $18.662 billion and a price-to-earnings ratio of 257.44.
A number of analysts have recently weighed in on HCN shares. Analysts at Mizuho initiated coverage on shares of Health Care REIT in a research note on Wednesday, July 23rd. They set a “neutral” rating on the stock. On the ratings front, 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, July 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Health Care REIT has an average rating of “Hold” and an average target price of $65.63.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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