Investment analysts at Goldman Sachs Group Inc. started coverage on shares of Health Care REIT (NYSE:HCN) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
HCN has been the subject of a number of other recent research reports. Analysts at Cowen and Company cut their price target on shares of Health Care REIT (NYSE:HCN) from $65.00 to $58.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Health Care REIT (NYSE:HCN) from $64.00 to $63.00 in a research note to investors on Tuesday, August 20th. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Health Care REIT (NYSE:HCN) from an “underperform” rating to a “market perform” rating in a research note to investors on Monday, August 12th.
Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Health Care REIT currently has an average rating of “Hold” and an average target price of $69.16.
Shares of Health Care REIT (NYSE:HCN) opened at 62.81 on Tuesday. Health Care REIT has a 52 week low of $56.48 and a 52 week high of $80.07. The stock’s 50-day moving average is $61.87 and its 200-day moving average is $67.34. The company has a market cap of $17.985 billion and a price-to-earnings ratio of 91.96.
Health Care REIT (NYSE:HCN) last issued its quarterly earnings data 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. On average, analysts predict that Health Care REIT will post $3.51 earnings per share for the current fiscal year.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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