NEW YORK (TheStreet) -- Shares of Health Care REIT (HCN) fell 0.35% to $70.86 in afternoon trading Monday ahead of the company's scheduled third-quarter earnings report Tuesday before the market open. Here's what analysts are expecting from the real estate investment trust.
The consensus estimate calls for Health Care REIT to report earnings of $1.03 a share on revenue of $834.06 million. In the third quarter last year, Health Care REIT posted earnings of 97 cents a share, which edged analysts' expectations of 96 cents a share. Revenue totaled $777.86 million, which surpassed the consensus estimate of $741.99 million.
In the second quarter of 2014, Health Care REIT reported earnings of $1.06 a share, which beat analysts' estimate of $1.02 a share. Revenue totaled $815.49 million, which surpassed the consensus estimate of $807.85 million.
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Separately, TheStreet Ratings team rates HEALTH CARE REIT INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HEALTH CARE REIT INC (HCN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."