Health Care REIT Stock Hits New 52-Week High (HCN)

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) -- Health Care REIT (NYSE: HCN) hit a new 52-week high Thursday as it is currently trading at $65.89, above its previous 52-week high of $65.75 with 365,182 shares traded as of 11:07 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Health Care REIT has a market cap of $17.06 billion and is part of the financial sector and real estate industry. Shares are up 6.7% 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 66.8, 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, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Health Care REIT Ratings Report.

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