HCP, Inc. (NYSE:HCP) – Equities researchers at Jefferies Group lowered their Q4 2017 earnings estimates for shares of HCP in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $0.44 for the quarter, down from their previous forecast of $0.45.
HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business had revenue of $454.00 million during the quarter, compared to the consensus estimate of $440.60 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was down 14.4% on a year-over-year basis.
HCP (NYSE:HCP) opened at $23.72 on Thursday. HCP has a one year low of $23.49 and a one year high of $33.67. The firm has a market cap of $11,127.25, a PE ratio of 21.37, a P/E/G ratio of 2.66 and a beta of 0.38. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its stake in shares of HCP by 4.3% in the 2nd quarter. Franklin Resources Inc. now owns 755,872 shares of the real estate investment trust’s stock valued at $24,157,000 after buying an additional 31,202 shares during the period. AXA grew its stake in shares of HCP by 87.7% during the second quarter. AXA now owns 20,519 shares of the real estate investment trust’s stock worth $656,000 after purchasing an additional 9,587 shares during the period. Amalgamated Bank grew its stake in shares of HCP by 61.2% during the second quarter. Amalgamated Bank now owns 52,929 shares of the real estate investment trust’s stock worth $1,692,000 after purchasing an additional 20,086 shares during the period. BT Investment Management Ltd acquired a new stake in shares of HCP during the second quarter worth $1,244,000. Finally, Profund Advisors LLC grew its stake in HCP by 18.4% in the second quarter. Profund Advisors LLC now owns 28,577 shares of the real estate investment trust’s stock valued at $913,000 after acquiring an additional 4,451 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.
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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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