Analysts’ Weekly Ratings Changes for Health Care REIT (HCN)
Health Care REIT (NYSE: HCN) was the recipient of a ratings changes during the seven days:
- Health Care REIT had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $68.00 price target on the stock, down previously from $70.00.
- Health Care REIT had its price target raised by analysts at Deutsche Bank from $58.00 to $60.00. They now have a “hold” rating on the stock.
- Health Care REIT had its price target raised by analysts at Jefferies Group from $68.00 to $70.00.
- Health Care REIT had its “hold” rating reaffirmed by analysts at LB Securities. They now have a $14.20 price target on the stock, up previously from $11.50.
Health Care REIT, Inc. (NYSE:HCN) traded up 0.12% during mid-day trading on Wednesday, hitting $65.96. 143,087 shares of the company’s stock traded hands. Health Care REIT, Inc. has a 1-year low of $52.43 and a 1-year high of $66.76. The stock’s 50-day moving average is $63.86 and its 200-day moving average is $61.73. The company has a market cap of $20.352 billion and a price-to-earnings ratio of 124.07.
Health Care REIT (NYSE:HCN) last released its earnings data on Friday, August 1st. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Analysts expect that Health Care REIT, Inc. 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. 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 4.83%. The ex-dividend date is Thursday, August 7th.
In other Health Care REIT news, CFO Scott A. Estes unloaded 3,000 shares of Health Care REIT stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $65.69, for a total value of $197,070.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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