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Health Care REIT (NYSE:HCN) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the company, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $59.40.

In other Health Care REIT news, VP Michael A. Crabtree sold 1,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on HCN. 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) opened at 67.07 on Monday. Health Care REIT has a 1-year low of $52.43 and a 1-year high of $67.18. The stock’s 50-day moving average is $64.56 and its 200-day moving average is $62.13. The company has a market cap of $20.694 billion and a P/E ratio of 126.08.

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 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. Analysts expect that Health Care REIT will post $4.12 EPS for the current fiscal year.

Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).

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