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HCN

Health Care REIT, Inc.

6/18/2013, 8:08 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, May 28, 4:20 AM It was an ugly day in fixed-income - (TLT -2.6%), (LQD -1%) - the 10-year Treasury yield up 15 bps to a 13-month high of 2.16%. Maybe more troubling for those borrowing short and lending long is a 12 bp jump in the 5-year yield to 1.01% (its up from 0.65% in a month), and a 4 bp pop in the 2-year yield to 0.28%. It was shoot first, ask questions last for many income plays such as mREITs (MORT -2.8%), equity REITs (HCN, HCP), utilities, and leveraged income funds (PHK). Owners of the leveraged short Treasury Fund (TBT +5.3%) throw a party, now up 16% in a month. Comment! [U.S. Economy, Financials]
Monday, May 13, 1:56 PM The NAREIT U.S. REIT Index (IYR, VNQ) had a pretty good year just in April, rising 5.8% vs. the S&P up 1.9%. YTD through April, the index was up 15.44% vs. 12.74% for the S&P. Y/Y, REITs are up 22.2% vs. the S&P at 16.89% The best performers in April were the retail REITs (SPG, TCO, GGP, O, ARCP, PEI), gaining 9.9%. Taking a break were the timber REITs (PCH, PCL), down 1.6% in April after rising 7.3% the previous month. YTD, the leading REIT performer is Health Care (VTR, HCP, HCN HTA), +23.7%. Comment! [Financials]
Wednesday, May 8, 7:39 AM Health Care REIT (HCN) launches an 18M share secondary with underwriters granted an option for another 2.7M shares. If the underwriters exercise it would add about 8% to the float. The company is also acquiring a 75% stake in privately-held Canadian senior housing provider Revera for about $1.35B. Comment! [Financials]
Tuesday, May 7, 7:42 AM More on Health Care REIT (HCN) Q1 earnings: Normalized FFO of $0.91/share up 5% Y/Y, FAD up 4%. Same-store cash NOI up 3.5%, including 5.6% growth in seniors housing operating portfolio. Private-party pay mix bumped to 82% from 73%. FY13 FFO outlook is unchanged at $3.70-$3.80/share, FAD at $3.25-$3.35. Conference call at 10 ET. (PR) Comment! [Financials, Earnings]
Tuesday, May 7, 7:36 AM Health Care REIT (HCN): Q1 FFO of $0.91 beats by $0.01. Gross Revenue of $633.9M. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, May 7, 12:05 AM Notable earnings before Tuesday’s open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC 2 Comments [Earnings]
Monday, May 6, 5:30 PM Notable earnings before Tuesday's open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC Comment! [Earnings]
Friday, April 26, 9:16 AM Health Care REIT, Inc. (HCN) declares $0.765/share quarterly dividend, in line with previous. Forward yield 4.16%. For shareholders of record May 07. Payable May 20. Ex-div date May 03. (PR) Comment! [Dividends]
Thursday, April 4, 8:08 PM Health Care REIT (HCN) is upgraded to a BBB credit rating at S&P from BBB- previously. "HCN's diversified and good quality portfolio will produce steady cash flow over the next couple of years," says S&P, but further ratings improvement is unlikely thanks to the company's "fairly robust growth appetite and the need to fully integrate the Sunrise acquisition." Comment! [Financials]
Monday, February 25, 5:05 PM Health Care REIT (HCN): Q4 FFO of $0.85 beats by $0.01. Revenue of $500.6M beats by $2.96M. (PR) Comment! [Earnings, Breaking News]
Monday, February 25, 12:10 AM Notable earnings after Monday’s close: ADSK, CZR, HALO, HCN, IPXL, LGCY, MELI, MR, OAS, OKE, OKS, SGY, TWI, URS, VVUS Comment! [Earnings]
Sunday, February 24, 5:35 PM Notable earnings after Monday’s close: ADSK, CZR, HALO, HCN, IPXL, LGCY, MELI, MR, OAS, OKE, OKS, SGY, TWI, URS, VVUS Comment! [Earnings]
Thursday, January 24, 5:57 PM Health Care REIT, Inc. (HCN) declares $0.765/share quarterly dividend. Forward yield 4.86%. For shareholders of record Feb. 05. Payable Feb. 27. Ex-div date Feb. 01. (PR) Comment! [Dividends]
Monday, January 7, 7:37 PM Sunrise Senior Living (SRZ) says that stockholders have voted to approve the merger with Health Care REIT (HCN), with 98.3% of the votes cast in favor of the proposal. The tally represented 69.4% of the outstanding stock entitled to vote. The merger is expected to close on January 9. Comment! [M&A]
Friday, December 28, 2012, 4:12 PM Sunrise Senior Living (SRZ) announces that in connection with the proposed merger with Health Care REIT (HCN) and the related proposed sale of its management business, the board has declared a conditional special cash dividend of $2.10 per share of SRZ to holders as of the close of business on January 8. Comment! [Healthcare, M&A]
Wednesday, November 7, 2012, 5:32 PM Sunrise Senior Living (SRZ): Q3 EPS of $0.35 beats by $0.30. Revenue of $323.8M beats by $9M. (PR) Comment! [Earnings, Healthcare]