Health Care REIT (NYSE:HCN) EVP Jeffrey Miller sold 1,156 shares of the stock on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $65.00, for a total value of $75,140.00. Following the completion of the transaction, the executive vice president now directly owns 83,939 shares of the company’s stock, valued at approximately $5,456,035. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HCN. Analysts at Jefferies Group reiterated a “hold” rating on shares of Health Care REIT in a research note to investors on Monday. They now have a $61.00 price target on the stock, down previously from $63.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Health Care REIT in a research note to investors on Wednesday, October 9th. They now have a $65.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Health Care REIT in a research note to investors on Tuesday, September 17th. They set a “neutral” rating and a $61.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.69.
Shares of Health Care REIT (NYSE:HCN) traded down 0.64% during mid-day trading on Friday, hitting $64.85. The stock had a trading volume of 1,655,801 shares. Health Care REIT has a 52-week low of $57.82 and a 52-week high of $80.07. The stock has a 50-day moving average of $62.47 and a 200-day moving average of $66.93. The company has a market cap of $18.569 billion and a P/E ratio of 95.56.
Health Care REIT (NYSE:HCN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.01. The company had revenue of $682.13 million for the quarter, compared to the consensus estimate of $665.74 million. During the same quarter last year, the company posted $0.89 earnings per share. Health Care REIT’s revenue was up 55.5% compared to the same quarter last year. Analysts expect that Health Care REIT will post $3.78 EPS for the current fiscal year.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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