FY2017 Earnings Estimate for HCP, Inc. Issued By Jefferies Group (HCP)
HCP, Inc. (NYSE:HCP) – Stock analysts at Jefferies Group increased their FY2017 earnings per share estimates for shares of HCP in a report issued on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $1.96 for the year, up from their prior estimate of $1.90. Jefferies Group currently has a “Hold” rating and a $32.00 price target on the stock. Jefferies Group also issued estimates for HCP’s FY2018 earnings at $2.06 EPS.
Other research analysts have also issued research reports about the stock. Goldman Sachs Group Inc raised shares of HCP from a “neutral” rating to a “buy” rating and lifted their price target for the company from $29.00 to $35.00 in a research note on Wednesday, January 25th. Bank of America Corp upgraded shares of HCP from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $33.25 to $35.00 in a report on Monday, April 3rd. Morgan Stanley upgraded shares of HCP from an “underweight” rating to an “equal weight” rating and set a $31.00 price objective on the stock in a report on Monday, March 20th. Barclays PLC lifted their price objective on shares of HCP from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, February 14th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of HCP in a report on Friday, April 21st. They issued a “hold” rating and a $32.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and a consensus target price of $33.05.
HCP (NYSE:HCP) traded up 0.94% during midday trading on Friday, hitting $31.25. 1,408,822 shares of the stock were exchanged. HCP has a one year low of $27.61 and a one year high of $36.82. The company has a 50 day moving average price of $31.30 and a 200 day moving average price of $30.48. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 15.07 and a beta of 0.27.
HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. HCP had a net margin of 25.10% and a return on equity of 6.51%. The business had revenue of $492.16 million for the quarter, compared to analyst estimates of $514.82 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Monday, May 8th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $1.48 annualized dividend and a dividend yield of 4.78%. HCP’s dividend payout ratio is currently 111.28%.
In other HCP news, CAO Scott A. Anderson sold 10,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $29.94, for a total value of $299,400.00. Following the transaction, the chief accounting officer now directly owns 27,345 shares in the company, valued at $818,709.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in HCP. Founders Capital Management acquired a new stake in shares of HCP during the first quarter worth about $106,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of HCP during the fourth quarter worth about $107,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of HCP during the fourth quarter worth about $114,000. Advisory Services Network LLC acquired a new stake in shares of HCP during the first quarter worth about $114,000. Finally, Archford Capital Strategies LLC boosted its stake in shares of HCP by 9.3% in the fourth quarter. Archford Capital Strategies LLC now owns 6,243 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 533 shares during the last quarter. 92.37% of the stock is owned by institutional investors.
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.
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