Health Care REIT (NYSE:HCN) CFO Scott Estes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.49, for a total transaction of $126,980.00. Following the sale, the chief financial officer now directly owns 92,813 shares in the company, valued at approximately $5,892,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $67.69.
Shares of Health Care REIT (NYSE:HCN) traded up 1.12% during mid-day trading on Thursday, hitting $65.27. The stock had a trading volume of 1,964,414 shares. Health Care REIT has a 52 week low of $56.48 and a 52 week high of $80.07. The stock has a 50-day moving average of $61.97 and a 200-day moving average of $67.32. The company has a market cap of $18.689 billion and a P/E ratio of 94.51.
Health Care REIT (NYSE:HCN) last announced its earnings results on Tuesday, August 6th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 55.5% on a year-over-year basis. 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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