Health Care REIT Reaches New 12-Month High at $66.92 (HCN)
Health Care REIT (NYSE:HCN)’s share price reached a new 52-week high on Thursday , AnalystRatings.Net reports. The company traded as high as $66.92 and last traded at $66.47, with a volume of 614,310 shares traded. The stock had previously closed at $66.36.
A number of analysts have recently weighed in on HCN shares. Analysts at LB Securities reiterated a “hold” rating on shares of Health Care REIT in a research note on Thursday, August 14th. 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, August 14th. 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, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.40.
The stock’s 50-day moving average is $63.96 and its 200-day moving average is $61.76. The company has a market cap of $20.503 billion and a price-to-earnings ratio of 124.97.
Health Care REIT (NYSE:HCN) last issued its quarterly 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 will post $4.11 EPS for the current fiscal year.
In other Health Care REIT news, VP Michael A. Crabtree sold 1,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $65.90, for a total value of $65,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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