Health Care REIT (NYSE:HCN) missed in its quarterly earnings by 3 cents a share, generating 70 cents a diluted share, down from 75 cents a diluted share. Analysts had been looking for 73 cents a share.
Revenue came in at $255 million for the quarter.
“Health Care REIT remains on target to deliver strong 2011 earnings growth of 8-11%,” commented George L. Chapman, Health Care REIT’s Chairman, Chief Executive Officer and President. “We recently closed the Genesis HealthCare and Benchmark Senior Living transactions on or ahead of schedule. These closings allowed us to recently raise our 2011 FFO guidance by seven cents as these transactions will be immediately accretive to earnings. The $7 billion of new partnerships formed in 2010 and 2011-to-date demonstrates the successful execution of our relationship investment strategy and positions the company for a strong period of earnings and dividend growth over the next several years,” said Health Care leadership.
Major competitors of Health Care REIT include Nationwide Health Properties Inc. (NYSE:NHP), HCP, Inc. (NYSE:HCP), Ventas, Inc. (NYSE:VTR), Universal Health Realty Income Trust (NYSE:UHT), Omega Healthcare Investors, Inc. (NYSE:OHI), National Health Investors Inc (NYSE:NHI), LTC Properties, Inc. (NYSE:LTC), Senior Housing Properties Trust (NYSE:SNH), Healthcare Realty Trust Inc. (NYSE:HR) and Medical Properties Trust, Inc. (NYSE:MPW)
Health Care Reit was trading at $53.05, falling $1.01, or 1.87 percent, as of 12:21 PM EDT.
Showing posts with label Senior Housing. Show all posts
Showing posts with label Senior Housing. Show all posts
Tuesday, May 3, 2011
Friday, April 29, 2011
Ratings of (SKT) (SNH) (SPWRA) (RIMM) (OSK) Downgraded
Analysts downgraded ratings of Tanger Factory Outlet Centers Inc. (NYSE: SKT), Senior Housing (NYSE: SNH), SunPower Co. (NASDAQ: SPWRA), Research In Motion (NASDAQ: RIMM) and Oshkosh Truck (NYSE: OSK) today.
Goldman Sachs (NYSE:GS) downgraded Oshkosh Truck (OSK) from a “buy” rating to a “neutral” rating.
RBC Capital downgraded Research In Motion (RIMM) from a “top pick” rating to a “sector perform” rating. They have a price target of $55.00 on the company, down from $90.00.
Keybanc downgraded Tanger Factory Outlet Centers Inc. (SKT) from a “buy” rating to a “hold” rating.
Stifel Nicolaus downgraded Senior Housing (SNH) from a “buy” rating to a “hold” rating.
Ardour Capital downgraded SunPower Co. (SPWRA) from an “accumulate” rating to a “hold” rating. They have a price target of $23.25 on the company, up from $21.00.
Goldman Sachs (NYSE:GS) downgraded Oshkosh Truck (OSK) from a “buy” rating to a “neutral” rating.
RBC Capital downgraded Research In Motion (RIMM) from a “top pick” rating to a “sector perform” rating. They have a price target of $55.00 on the company, down from $90.00.
Keybanc downgraded Tanger Factory Outlet Centers Inc. (SKT) from a “buy” rating to a “hold” rating.
Stifel Nicolaus downgraded Senior Housing (SNH) from a “buy” rating to a “hold” rating.
Ardour Capital downgraded SunPower Co. (SPWRA) from an “accumulate” rating to a “hold” rating. They have a price target of $23.25 on the company, up from $21.00.
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