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News Breaks | | | | September 20, 2012 | | 08:15 EDT |  | HCN | Health Care REIT upgraded to Buy from Hold at KeyBanc
KeyBanc said the Fed's latest actions have resulted in a flattened yield curve and driven down cap rates, which should continue continue to bolster real-state values. Price target is $61. | |
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News For HCN From The Last 14 Days Check below for free stories on HCN the last two weeks. |
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| May 8, 2013 | | 17:31 EDT |  | HCN | Health Care REIT 20M share Spot Secondary priced at $73.50
The deal size was increased to 20M shares from 18M shares. UBS, Deutsche Bank and Wells Fargo acted as joint book running managers for the offering. | | | 07:53 EDT | | HCN | Health Care REIT files to sell 18M shares of common stock
UBS Investment Bank, Deutsche Bank Securities, and Wells Fargo Securities will act as joint book-running managers for the offering. | | | 06:02 EDT |  | HCN | Health Care REIT agrees for $1.35B investment with Revera
Health Care REIT announced that the company will partner with Revera to own 47 high-quality seniors housing communities with approximately 5,000 units located in major Canadian metropolitan markets. When the transaction is completed, Health Care REIT will own a 75% interest in the approximately $1.35B portfolio and Revera will own the remaining 25% interest. The portfolio, which is currently 100% owned by Revera, is primarily comprised of independent living communities, with many offering a continuum of care that includes assisted living and/or memory care. Following the closing of the transaction, Revera will continue to manage the communities under an incentive-based management contract. The transaction is expected to close in the second quarter of 2013 and has been approved by each company's board of directors. | | | May 7, 2013 | | 07:39 EDT |  | HCN | Health Care REIT sees FY13 normalized FFO $3.70-$3.80, consensus $3.77
The company affirms its 2013 guidance and assumptions as previously announced on February 25. As previously announced, the company completed its acquisition of Sunrise, the sale of the Sunrise management company, and the acceleration of all planned joint venture buy-outs. The company’s investment in Sunrise properties is currently $3.5B, and the company expects that investment to increase to $4.3B by July upon exercise of the company’s rights to acquire additional joint venture partner interests at fixed purchase prices. The $4.3B investment is expected to include 120 wholly owned properties and five joint venture properties. The company expects the $4.3B acquisition to generate a 6.5% unlevered initial yield, or 6.1% after capital expenditures. | | | 07:37 EDT | | HCN | Health Care REIT reports Q1 normalized FFO 91c, consensus 91c
Reports Q1 revenue $633.92M, consensus $541.53M. | | | May 6, 2013 | | 15:35 EDT | | HCN | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Emerson Electric (EMR), consensus 78c; EOG Resources (EOG), consensus $1.17; DIRECTV (DTV), consensus $1.08; Health Care REIT (HCN), consensus 91c; FirstEnergy (FE), consensus 68c; Perrigo (PRGO), consensus $1.44; Charter Communications (CHTR), consensus (61c); HollyFrontier (HFC), consensus $1.73; Oaktree Capital Group (OAK), consensus $1.53; NRG Energy (NRG), consensus (28c). | |
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