Sunday, Dec 11, 2016
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Health Care REIT drops per-share profit forecast

Toledo's Health Care REIT Inc. yesterday announced lower annual profit per share expectations, after completing a stock offering.

The real estate investment trust dropped its per-share profit forecast to $1.75 to $1.82, compared with $1.81 to $1.88 announced earlier.

The trust said it expected its funds from operations to be in the $3.07 to $3.14 a share range, down from $3.11 to $3.18.

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