HCP Inc. (HCP) Plans Quarterly Dividend of $0.53
HCP (NYSE:HCP) announced a quarterly dividend on Thursday, October 24th, Analyst Ratings Network reports. Shareholders of record on Monday, November 4th will be paid a dividend of $0.525 per share on Tuesday, November 19th. This represents a $2.10 annualized dividend and a dividend yield of 4.95%.
HCP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of HCP in a research note to investors on Friday, October 4th. They now have a $45.00 price target on the stock. On a related note, analysts at RBC Capital cut their price target on shares of HCP from $49.00 to $38.00 in a research note to investors on Friday, October 4th. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital downgraded shares of HCP from a “sector perform” rating to an “underperform” rating in a research note to investors on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $47.09.
HCP (NYSE:HCP) traded down 0.45% on Thursday, hitting $42.39. The stock had a trading volume of 1,989,299 shares. HCP has a 52-week low of $38.93 and a 52-week high of $56.06. The stock has a 50-day moving average of $41.51 and a 200-day moving average of $47.19. The company has a market cap of $19.292 billion and a P/E ratio of 21.71.
HCP (NYSE:HCP) last released its earnings data on Tuesday, July 30th. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.02. The company had revenue of $516.30 million for the quarter, compared to the consensus estimate of $518.53 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that HCP will post $2.98 EPS for the current fiscal year.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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