Here are five things to know:
• There are nearly 19.6 million shares available.
• The price per share is $75.50.
• The public offering is valued at $1.5 billion.
• This is the largest common stock offering in the company’s history.
• Proceeds will be used for repaying advances under its primary unsecured credit facility and for general corporate purposes.
Health Care REIT invests in healthcare real estate properties, including medical office buildings and outpatient medical centers. The company expects to close around $2.2 billion of investments for the first quarter of this year.
Zack’s has a “hold” rating on the company.
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