Health Care REIT’s Hold Rating Reaffirmed at Jefferies Group (HCN)
Health Care REIT (NYSE:HCN)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $68.00 target price on the stock, down from their previous target price of $70.00. Jefferies Group’s price objective suggests a potential upside of 7.07% from the stock’s previous close.
HCN has been the subject of a number of other 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. 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $65.29.
Health Care REIT (NYSE:HCN) traded up 2.27% during mid-day trading on Wednesday, hitting $64.95. 2,244,725 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 $66.76. The stock has a 50-day moving average of $63. and a 200-day moving average of $61.42. The company has a market cap of $20.040 billion and a P/E ratio of 119.60.
Health Care REIT (NYSE:HCN) last posted its quarterly earnings results 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 last year, the company posted $0.93 earnings per share. Health Care REIT’s revenue was up 21.8% compared to the same quarter last year. On average, analysts predict that Health Care REIT will post $4.10 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 5.01%. The ex-dividend date is Thursday, August 7th.
In other Health Care REIT news, EVP Charles J. Herman, Jr. sold 1,000 shares of Health Care REIT stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $63.28, for a total value of $63,280.00. The sale 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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