UPDATE: Jefferies Raising Price Target on Health Care REIT

Jefferies & Co. is out with a research report on Health Care REIT

and it is raising its price target to $52 from $48, and it has a Hold rating on shares. In a note to clients, Jefferies & Co. writes, "While we believe HCN is well-positioned to grow FFO/sh by 10%+ in 2012, we believe the shares are fairly valued at current levels given HCN's risk-reward profile. As such, we maintain our Hold rating on HCN shares." Shares of HCN are off 10 cents to $49.90 today.