Health Care REIT Shares Given a “Hold” Rating by Jefferies Group Analysts (HCN)

Health Care REIT (NYSE: HCN)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group (NYSE: JEF) in a report issued on Tuesday.

Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Health Care REIT in a research note to investors on Friday. They now have a $58.00 price target on the stock. Analysts at Hilliard Lyons downgraded shares of Health Care REIT from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. Also, analysts at Sandler O’Neill downgraded shares of Health Care REIT from a “buy” rating to a “hold” rating in a research note to investors on Friday.

Health Care REIT, Inc. is a real estate investment trust (REIT) that invests in senior housing and health care real estate. The Company also provides a range of property management and development services. As of December 31, 2009, its diversified portfolio consisted of 590 properties in 39 states. Its property types include investment properties and medical office buildings. Under the investment property segment, it invests in senior housing and health care real estate through acquisition and financing of primarily single tenant properties. Its business consists of two business segments: investment properties and medical office buildings. Properties acquired are typically leased under triple-net leases. It is not involved in the management of its investment properties. Its primary investment property types include independent living/ continuing care retirement communities, assisted living facilities, skilled nursing facilities and hospitals.

Shares of Health Care REIT traded down 2.29% during mid-day trading on Tuesday, hitting $54.19. Health Care REIT has a 52 week low of $41.03 and a 52 week high of $57.66. The stock’s 50-day moving average is $55.96 and its 200-day moving average is $50.98. The company has a market cap of $9.695 billion and a P/E ratio of 52.67.

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Posted by Web Inquirer Staff on 22 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.