Morgan Keegan Lowers Price Target On Health Care REIT To $57

According to Morgan Keegan, Health Care REIT HCN price target is lowered to $57. Morgan Keegan said that it expects Health Care REIT to grow earnings from both existing relationships and new investments. “We are making minor adjustments to our model, changing 2011E FFO/FAD from $3.37/$3.02 to $3.38/$3.02 and lowering 2012 from $3.72/$3.39 to $3.66/$3.33 due to the asset sales. FAD growth remains above 5%.” Health Care REIT closed yesterday at $47.30.