Health Care REIT Stock To Go Ex-dividend Tomorrow (HCN)
The ex-dividend date for Health Care REIT (NYSE:HCN) is tomorrow, November 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 74 cents per share. At a price of $59.34 as of 10 a.m., the dividend yield is 5.1%.
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. NEW YORK ( TheStreet) -- The ex-dividend date for Health Care REIT (NYSE: HCN) is tomorrow, November 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 74 cents per share. At a price of $59.34 as of 10 a.m. ET, the dividend yield is 5.1%. The average volume for Health Care REIT has been 2.4 million shares per day over the past 30 days. Health Care REIT has a market cap of $14.86 billion and is part of the financial sector and real estate industry. Shares are up 6.8% 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 73.7, above the average real estate industry P/E ratio of 53.4 and above the S&P 500 P/E ratio of 17.7.
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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, good cash flow from operations, solid stock price performance 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. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.