Health Care REIT (HCN) updated its FY13 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus estimate of $3.89.

HCN has been the subject of a number of recent research reports. Analysts at Barclays Capital initiated coverage on shares of Health Care REIT in a research note to investors on Tuesday, February 5th. They set an overweight rating and a $71.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Health Care REIT in a research note to investors on Friday, February 1st. They now have a $66.00 price target on the stock. Finally, analysts at JPMorgan Chase downgraded shares of Health Care REIT from an overweight rating to a neutral rating in a research note to investors on Wednesday, January 16th. They now have a $63.00 price target on the stock.

Five equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and ten have given a hold rating to the company. Health Care REIT presently has a consensus rating of overweight and a consensus price target of $62.35.

Shares of Health Care REIT (HCN) traded down 2.18% during mid-day trading on Monday, hitting $63.19. Health Care REIT (HCN) has a one year low of $52.40 and a one year high of $64.65. The stock’s 50-day moving average is currently $62.54. The company has a market cap of $16.409 billion and a P/E ratio of 89.47.

Health Care REIT last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.01. The company had revenue of $500.66 million for the quarter, compared to the consensus estimate of $495.66 million. During the same quarter last year, the company posted $0.91 earnings per share. Health Care REIT’s revenue was up 30.2% compared to the same quarter last year. Analysts expect that Health Care REIT (HCN) will post $3.51 EPS for the current fiscal year.

Health Care REIT, Inc. is a real estate investment trust engaged in senior housing and health care real estate.

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