Health Care REIT Stock To Go Ex-dividend Tomorrow (HCN)

NEW YORK ( TheStreet) -- The ex-dividend date for Health Care REIT (NYSE: HCN) is tomorrow, August 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 74 cents per share. At a price of $61.68 as of 9:30 a.m. ET, the dividend yield is 4.8%.

The average volume for Health Care REIT has been 1.5 million shares per day over the past 30 days. Health Care REIT has a market cap of $13.31 billion and is part of the financial sector and real estate industry. Shares are up 14.1% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 55.6, above the average real estate industry P/E ratio of 50.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Health Care REIT as a buy. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Health Care REIT Ratings Report.

See our dividend calendar or top-yielding stocks list.

If you liked this article you might like

Analysts' Actions -- Alaska Air, Canon, Greenlight Capital, Johnson Controls, Welltower and More

REITs Will Be All Right Despite Rising Rates

Bullish and Bearish Reversals in the Market

Welltower Tops Fourth Quarter Estimates

Shakeups at 2 REITs Could Benefit Investors, but It May Take Time