HCP (HCP) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
HCP (NYSE:HCP) announced its earnings results on Tuesday. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.03, Analyst Ratings Network reports. The company had revenue of $543.96 million for the quarter, compared to the consensus estimate of $520.90 million.
Several analysts have recently commented on the stock. 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 the ratings front, 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 given a hold rating and four have given a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and a consensus price target of $47.09.
HCP (NYSE:HCP) opened at 42.85 on Tuesday. 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 $19.501 billion and a P/E ratio of 21.85.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 19th. Shareholders of record on Monday, November 4th will be given a dividend of $0.53 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, October 31st.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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