Health Care REIT Reaches New 1-Year High at $67.87 (HCN)
Health Care REIT (NYSE:HCN) shares reached a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $67.87 and last traded at $67.15, with a volume of 696,747 shares. The stock had previously closed at $67.58.
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, 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Health Care REIT currently has an average rating of “Hold” and a consensus price target of $59.40.
The stock’s 50-day moving average is $64.74 and its 200-day moving average is $62.21. The company has a market cap of $20.719 billion and a P/E ratio of 127.27.
Health Care REIT (NYSE:HCN) last issued its quarterly 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 $4.12 EPS for the current fiscal year.
In other Health Care REIT news, VP Michael A. Crabtree sold 1,000 shares of Health Care REIT stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $65.90, for a total transaction of $65,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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