Volume Climbs at These Stocks Post Earnings

Health Care REIT Inc. (NYSE:HCN) reported its results for the fourth quarter. The company’s funds from operations (FFO) rose 21.3% from the year earlier quarter to 91 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 90 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.

“The transformation of our company and portfolio over the last several years has been extraordinary, capped by exceptional fourth quarter FFO per share growth of 21% and FAD per share growth of 18%” said George L. Chapman, Chairman, Chief Executive Officer and President of Health Care REIT. “The continued success of our relationship investment program was demonstrated by an additional $1.2 billion in gross investments for the quarter and $6.0 billion for the year. These investments in high-quality properties, at attractive returns, helped drive a peer group leading 21% total return in 2011. We believe that our immersion in health care will continue to generate future investment opportunities with leading operators and health systems, positioning the company for sustainable long-term growth as we shape the evolution of health care delivery.”

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).

The Navigators Group Inc. (NASDAQ:NAVG) reported its results for the fourth quarter. Net income for The Navigators Group Inc. fell to $10.1 million (70 cents per share) vs. $17.3 million ($1.07 per share) a year earlier. This is a decline of 41.8% from the year earlier quarter. Revenue rose 2.7% to $211.3 million from the year earlier quarter. The Navigators Group Inc. beat the mean estimate of 69 cents per share. It beat the average revenue estimate of $176.3 million.

Stan Galanski, President and Chief Executive Officer, commented, “Our property casualty business had a solid fourth quarter, as the energy, casualty and treaty reinsurance units each produced profitable underwriting results and double digit premium growth. Following the major energy losses that impacted the industry in early 2011, rates and terms have improved and we have increased our capacity in response. We are achieving positive pricing in many product lines. The notable exception is Directors & Officers liability, which continued to generate underwriting losses as we re-position the portfolio for future profits.”

Competitors to Watch: W.R. Berkley Corporation (NYSE:WRB), Allied World Assurance Co Hldgs., AG. (NYSE:AWH), RLI Corp. (NYSE:RLI), White Mountains Insurance Group, Ltd. (NYSE:WTM), The Travelers Companies, Inc. (NYSE:TRV), Markel Corporation (NYSE:MKL), Global Indemnity plc (NASDAQ:GBLI), Tower Group, Inc. (NASDAQ:TWGP), and CNA Financial Corporation (NYSE:CNA).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com