Health Care REIT (NYSE:HCN) had its price objective decreased by RBC Capital from $80.00 to $77.00 in a research report released on Thursday morning, AnalystRatings.Net reports.
Health Care REIT (NYSE:HCN) traded down 0.94% on Thursday, hitting $63.14. Health Care REIT has a 1-year low of $56.48 and a 1-year high of $80.07. The stock’s 50-day moving average is currently $65.65. The company has a market cap of $18.079 billion and a price-to-earnings ratio of 93.32.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.77 per share. This represents a $3.06 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, August 2nd.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Health Care REIT from $82.00 to $75.00 in a research note to investors on Thursday. Finally, analysts at Stifel Nicolaus cut their price target on shares of Health Care REIT from $81.00 to $71.00 in a research note to investors on Wednesday, August 7th. They now have a buy rating on the stock.
Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $69.46.
In other Health Care REIT news, EVP Jeffrey H. Miller sold 2,699 shares of Health Care REIT stock in a transaction that occured on Thursday, August 1st. The shares were sold at an average price of $64.67, for a total value of $174,544.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Health Care REIT, Inc is a real estate investment trust (NYSE:HCN).
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