Health Care REIT Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Health Care REIT, Inc. (NYSE:HCN) will unveil its latest earnings on Thursday, November 3, 2011. Health Care REIT is a real estate investment trust that invests in and manages senior housing and health care real estate.

Health Care REIT, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 88 cents per share, a rise of 11.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 90 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 88 cents during the last month. For the year, analysts are projecting net income of $3.39 per share, a rise of 10.1% from last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 7 cents, reporting profit of of 80 cents per share against a mean estimate of net income of 87 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $376.4 million in revenue this quarter, a rise of more than twofold from the year ago quarter. Analysts are forecasting total revenue of $1.38 billion for the year, a rise of more than twofold from last year’s revenue of $680.5 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the second quarter, profit rose 70.5% to $87.2 million (39 cents a share) from $51.1 million (37 cents a share) the year earlier, but fell short analyst expectations. Revenue rose more than twofold to $368.2 million from $156.1 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 72.6%, with the biggest boost coming in the most recent quarter when revenue rose more than twofold from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 2.3% in the first quarter and 6.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: HCP, Inc. (NYSE:HCP), Ventas, Inc. (NYSE:VTR), 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), Universal Health Realty Income Trust (NYSE:UHT), Medical Properties Trust, Inc. (NYSE:MPW), and Nationwide Health Properties Inc. (NYSE:NHP).

Stock Price Performance: During August 4, 2011 to October 28, 2011, the stock price had risen $6.96 (14.9%) from $46.58 to $53.54. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 28, 2010 when shares rose for nine-straight days, rising 7.5% (+$3.16) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 3.5% (-$1.83) over that span. Shares are up $7.91 (+17.3%) year to date.

(Source: Xignite Financials)

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