Health Care REIT "outperform"

05/25/07 - Morgan Keegan

NEW YORK, May 25 (newratings.com) - Analysts at Morgan Keegan reiterate their "outperform" rating on Health Care REIT (HCN).

In a research note published this morning, the analysts mention that the company has completed its acquisition of Paramount Real Estate Services and 17 medical office buildings for $287.7 million. The acquisition of Paramount Real Estate Services would enable Health Care REIT to have MOB property management services on its platform going forward, the analysts say. The insourcing of a significant part of the property management services is expected to boost Health Care REIT’s returns on MOB investments going forward, Morgan Keegan adds.