Health Care REIT (HCN) : Analyst Rating Update

Health Care REIT (HCN) : The consensus on Health Care REIT (HCN) based on 17 analyst recommendation on the company stock is 2.65, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Health Care REIT (HCN) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $83 and the lowest price target forecast is $60. The average forecast of all the analysts is $69.46 and the expected standard deviation is $7.39.

Health Care REIT (NYSE:HCN): The stock opened at $76.46 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.73 for the day. The stock traded down to $75.90 during the day, due to lack of any buying support eventually closed down at $76.39 with a loss of -0.40% for the day. The stock had closed at $76.70 on the previous day. The total traded volume was 2,364,533 shares.

Also, In a research note released to the investors, Morgan Stanley downgrades its rating on Health Care REIT (NYSE:HCN).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, Morgan Stanley maintains the price target of $69 per share. The rating by the firm was issued on June 22, 2016. The company shares have rallied 11.64% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $77.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $71.81 and the 200 Day Moving Average price is recorded at $67.92.

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.

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