HCP (HCP) Updates FY18 Earnings Guidance

HCP (NYSE:HCP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.77-1.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.83.

A number of research firms have weighed in on HCP. Jefferies Group reiterated a hold rating and issued a $26.00 target price on shares of HCP in a research note on Tuesday. BMO Capital Markets set a $25.00 target price on HCP and gave the stock a hold rating in a research note on Tuesday. ValuEngine lowered HCP from a buy rating to a hold rating in a research note on Friday, February 2nd. Robert W. Baird reduced their target price on HCP from $29.00 to $26.00 and set a neutral rating on the stock in a research note on Friday, January 5th. Finally, Zacks Investment Research lowered HCP from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $29.64.

HCP (NYSE HCP) opened at $22.80 on Wednesday. HCP has a 12-month low of $21.98 and a 12-month high of $33.67. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $10,719.13, a price-to-earnings ratio of 11.09, a PEG ratio of 4.13 and a beta of 0.27.

HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.31. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business had revenue of $443.30 million for the quarter, compared to the consensus estimate of $448.54 million. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was down 17.9% compared to the same quarter last year. research analysts forecast that HCP will post 1.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Wednesday, February 14th. HCP’s payout ratio is currently 133.33%.

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HCP Company Profile

HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.

Earnings History and Estimates for HCP (NYSE:HCP)

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