Q4 2017 EPS Estimates for HCP, Inc. (HCP) Decreased by KeyCorp

HCP, Inc. (NYSE:HCP) – Equities research analysts at KeyCorp reduced their Q4 2017 earnings per share (EPS) estimates for shares of HCP in a research report issued on Thursday. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.47. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for HCP’s FY2018 earnings at $1.81 EPS.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The company had revenue of $454.00 million for the quarter, compared to analysts’ expectations of $440.60 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was down 14.4% compared to the same quarter last year.

Other research analysts have also recently issued reports about the company. ValuEngine cut HCP from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. upgraded HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research note on Friday, December 15th. Zacks Investment Research upgraded HCP from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus decreased their price target on HCP from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.36.

HCP (HCP) opened at $23.64 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.61 and a current ratio of 0.61. HCP has a 52 week low of $23.61 and a 52 week high of $33.67. The company has a market capitalization of $11,338.35, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.38.

Several institutional investors have recently bought and sold shares of the company. Hexavest Inc. increased its holdings in HCP by 3.5% in the fourth quarter. Hexavest Inc. now owns 2,134,232 shares of the real estate investment trust’s stock valued at $55,661,000 after buying an additional 72,534 shares during the last quarter. Sawyer & Company Inc purchased a new position in HCP in the fourth quarter valued at $725,000. LGT Capital Partners LTD. increased its holdings in HCP by 8.9% in the fourth quarter. LGT Capital Partners LTD. now owns 577,460 shares of the real estate investment trust’s stock valued at $15,060,000 after buying an additional 47,280 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in HCP by 2.8% in the third quarter. Parametric Portfolio Associates LLC now owns 755,195 shares of the real estate investment trust’s stock valued at $21,017,000 after buying an additional 20,899 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in HCP by 44.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,451,567 shares of the real estate investment trust’s stock valued at $96,057,000 after buying an additional 1,068,554 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.

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About HCP

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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