HCP Inc. (HCP) Issues FY13 Earnings Guidance
HCP Inc. (NYSE:HCP) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $2.97-3.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.97, AnalystRatingsNetwork reports.
A number of research firms have recently commented on HCP. 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 given a hold rating and four have assigned a buy rating to the company’s stock. HCP presently has a consensus rating of Hold and an average price target of $47.09.
HCP Inc. (NYSE:HCP) opened at 42.85 on Tuesday. HCP Inc. 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.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.03. The company had revenue of $543.96 million for the quarter, compared to the consensus estimate of $520.90 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 16.2% on a year-over-year basis. On average, analysts predict that HCP Inc. will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.53 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Thursday, October 31st.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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