HCP (HCP) Issues FY18 Earnings Guidance

HCP (NYSE:HCP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.77-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.83.

Shares of HCP (NYSE:HCP) opened at $22.85 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP has a 12 month low of $22.22 and a 12 month high of $33.67. The firm has a market cap of $10,888.01, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 4.20 and a beta of 0.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.48 annualized dividend and a yield of 6.48%. HCP’s payout ratio is 133.33%.

HCP has been the subject of several recent research reports. Mizuho upgraded shares of HCP from a neutral rating to a buy rating and set a $32.00 target price for the company in a research note on Thursday, November 2nd. Stifel Nicolaus upgraded shares of HCP from a hold rating to a buy rating and set a $29.00 target price for the company in a research note on Tuesday, December 5th. Morgan Stanley reiterated an equal weight rating and set a $29.00 target price on shares of HCP in a research note on Thursday, December 14th. ValuEngine lowered shares of HCP from a buy rating to a hold rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of HCP from a sell rating to a hold rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. HCP has an average rating of Hold and an average target price of $30.14.

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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.

Earnings History and Estimates for HCP (NYSE:HCP)

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