Health Care REIT PT Raised to $60.00 (HCN)
Analysts at Deutsche Bank upped their price objective on shares of Health Care REIT (NYSE:HCN) from $58.00 to $60.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 5.53% from the stock’s previous close.
Shares of Health Care REIT (NYSE:HCN) opened at 64.95 on Thursday. Health Care REIT has a 1-year low of $52.43 and a 1-year high of $66.76. The stock has a 50-day moving average of $63.53 and a 200-day moving average of $61.44. The company has a market cap of $20.040 billion and a price-to-earnings ratio of 119.60.
Health Care REIT (NYSE:HCN) last released its 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 $4.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Investors 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. unloaded 1,000 shares of Health Care REIT stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $63.28, for a total value of $63,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Health Care REIT from $68.00 to $70.00 in a research note on Thursday. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $65.86.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.