Health Care REIT Inc. (HCN): Today's Featured Real Estate Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1%. By the end of trading, Health Care REIT fell 62 cents (-1.1%) to $58.63 on average volume. Throughout the day, 1.9 million shares of Health Care REIT exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $58.53-$59.24 after having opened the day at $59.07 as compared to the previous trading day's close of $59.25. Other companies within the Real Estate industry that declined today were:
Institutional Financial Markets
(
), down 11.7%,
(
), down 7.6%,
(
), down 6.9%, and
(
), down 6.1%.
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Health Care REIT, Inc. is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. It primarily invests in the real estate markets of the United States. Health Care REIT has a market cap of $14.97 billion and is part of the financial sector. The company has a P/E ratio of 78.2, above the S&P 500 P/E ratio of 17.7. Shares are up 7.6% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Health Care REIT a buy, one analyst rates it a sell, and eight rate it a hold.
TheStreet Ratings rates Health Care REIT as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Health Care REIT Ratings Report.
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(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
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