Share on StockTwits

Shares of Health Care REIT (NYSE:HCN) have earned an average rating of “Hold” from the twelve analysts that are currently covering the stock, American Banking News reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $59.40.

In other Health Care REIT news, VP Michael A. Crabtree unloaded 1,000 shares of the company’s stock on the open market in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link.

HCN has been the subject of a number of recent research reports. 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.

Shares of Health Care REIT (NYSE:HCN) traded up 0.32% during mid-day trading on Monday, hitting $66.339. The stock had a trading volume of 147,687 shares. Health Care REIT has a one year low of $52.43 and a one year high of $66.92. The stock’s 50-day moving average is $64.1 and its 200-day moving average is $61.85. The company has a market cap of $20.468 billion and a price-to-earnings ratio of 124.54.

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.

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.