NEW YORK (
Health Care REIT
) hit a new 52-week high Wednesday as it traded at $52.46 compared with its previous 52-Week high of $52.39. Health Care REIT is changing hands at $52.46 with 501,471 shares traded as of 12:02 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.
Health Care REIT has a market cap of $8.9 billion and is part of the
industry. Shares are up 8.9% year to date as of the close of trading on Tuesday.
Health Care REIT, Inc. is an equity real estate investment trust. The firm engages in investment, development, and management of properties. It primarily invests in health care properties. The company has a P/E ratio of 105.4, above the average real estate industry P/E ratio of 61.5 and above the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Health Care REIT as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full
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