Insider Selling: Scott A. Estes Unloads 3,000 Shares of Health Care REIT Stock (HCN)
Health Care REIT (NYSE:HCN) CFO Scott A. Estes unloaded 3,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $65.69, for a total transaction of $197,070.00. Following the completion of the transaction, the chief financial officer now directly owns 88,413 shares of the company’s stock, valued at approximately $5,807,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Health Care REIT (NYSE:HCN) traded up 0.57% during mid-day trading on Monday, hitting $65.68. 1,385,867 shares of the company’s stock traded hands. 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 $63.68 and a 200-day moving average of $61.54. The company has a market cap of $20.265 billion and a P/E ratio of 122.99.
Health Care REIT (NYSE:HCN) last released its earnings data on Friday, August 1st. The company reported $1.06 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Health Care REIT will post $4.11 EPS 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 4.87%. The ex-dividend date is Thursday, August 7th.
Several analysts have recently commented on the stock. Analysts at LB Securities reiterated a “hold” rating on shares of Health Care REIT in a research note on Thursday. They now have a $14.20 price target on the stock, up previously from $11.50. Separately, analysts at Deutsche Bank raised their price target on shares of Health Care REIT from $58.00 to $60.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.40.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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