Health Care REIT PT Raised to $70.00 (HCN)
Jefferies Group hoisted their target price on shares of Health Care REIT (NYSE:HCN) from $68.00 to $70.00 in a research note issued on Thursday. Jefferies Group’s target price would suggest a potential upside of 10.22% from the stock’s previous close.
A number of other analysts have also recently weighed in on HCN. 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 analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $65.86.
Health Care REIT (NYSE:HCN) opened at 64.95 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 $63.53 and a 200-day moving average of $61.44. 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 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. Shareholders 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 the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $63.28, for a total value of $63,280.00. The sale was disclosed in a legal filing 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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