Health Care REIT EVP Charles J. Herman, Jr. Unloads 1,000 Shares (HCN)
Health Care REIT (NYSE:HCN) EVP Charles J. Herman, Jr. sold 1,000 shares of Health Care REIT stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $63.28, for a total transaction of $63,280.00. Following the transaction, the executive vice president now directly owns 41,975 shares in the company, valued at approximately $2,656,178. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Health Care REIT (NYSE:HCN) traded up 0.47% on Tuesday, hitting $63.51. The stock had a trading volume of 1,745,966 shares. Health Care REIT has a 52 week low of $52.43 and a 52 week high of $66.76. The stock’s 50-day moving average is $63. and its 200-day moving average is $61.42. The company has a market cap of $19.596 billion and a price-to-earnings ratio of 119.04.
Health Care REIT (NYSE:HCN) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $826.45 million for the quarter, compared to the consensus estimate of $807.17 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts predict that Health Care REIT will post $4.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.795 per share. This represents a $3.18 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Thursday, August 7th.
HCN has been the subject of a number of recent research reports. 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. Separately, 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 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 analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $65.57.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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