HCP, Inc. (HCP) Scheduled to Post Quarterly Earnings on Monday
HCP, Inc. (NYSE:HCP) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. HCP has set its FY17 guidance at $1.89-1.95 EPS.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. On average, analysts expect HCP to post $1.34 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Shares of HCP, Inc. (NYSE:HCP) opened at 26.36 on Monday. The company has a market capitalization of $12.36 billion, a P/E ratio of 17.97 and a beta of 0.38. The stock’s 50 day moving average is $28.06 and its 200 day moving average is $30.43. HCP, Inc. has a 52-week low of $26.11 and a 52-week high of $36.60.
Several research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price target on shares of HCP in a research note on Wednesday, October 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price target on shares of HCP in a research note on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of HCP in a research note on Tuesday, October 17th. BidaskClub lowered shares of HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley decreased their price target on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, September 25th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.98.
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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.
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