Analyst Rating Update on Health Care REIT (HCN)

Health Care REIT (NYSE:HCN) has an average broker rating of 2.65, which is interpreted as a Hold, as rated by 17 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Health Care REIT (NYSE:HCN) : 11 investment research analysts covering Health Care REIT (NYSE:HCN) have an average price target of $69.46 for the near short term. The highest target price given by the Brokerage Firm to the stock is $83 and the lowest target is $60 for the short term. Analysts expect the variance to be within $7.39 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Morgan Stanley downgrades the rating on Health Care REIT (NYSE:HCN). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency maintains the price target to $69 per share. The rating by the firm was issued on June 22, 2016.

Health Care REIT (NYSE:HCN): stock turned positive on Tuesday. Though the stock opened at $73.56, the bulls momentum made the stock top out at $74.72 level for the day. The stock recorded a low of $73.125 and closed the trading day at $74.7, in the green by 1.83%. The total traded volume for the day was 1,904,023. The stock had closed at $73.36 in the previous days trading.

In an insider trading activity,The officer (EVP-Head Human Cap.&Corp.Secy.) of Welltower Inc., Ibele Erin C sold 2,500 shares at $72.1 on May 17, 2016. The Insider selling transaction had a total value worth of $180,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Welltower Inc., formerly Health Care REIT, Inc., is a real estate investment trust (REIT). The Companys portfolio has range of seniors housing and healthcare real estate, including seniors housing communities, nursing/post-acute facilities, medical office buildings, inpatient and outpatient medical centers and life science facilities. The Company operates in three segments: seniors housing triple-net, seniors housing operating and medical facilities. Its properties consist of land, building, improvements and related rights. The Companys hospitals and seniors housing triple-net properties are leased to operators under long-term operating leases. Its medical office building portfolio is primarily self-managed and consists principally of multi-tenant properties leased to health care providers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.