HCP, Inc. Forecasted to Post Q1 2018 Earnings of $0.46 Per Share (HCP)

HCP, Inc. (NYSE:HCP) – Stock analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of HCP in a research note issued to investors on Thursday, April 5th. Jefferies Group analyst O. Okusanya expects that the real estate investment trust will post earnings per share of $0.46 for the quarter. Jefferies Group has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for HCP’s Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.44 EPS and FY2020 earnings at $1.90 EPS.

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HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. HCP had a net margin of 22.37% and a return on equity of 6.99%. The firm had revenue of $443.30 million for the quarter, compared to analyst estimates of $448.54 million. During the same period last year, the firm posted $0.59 EPS. HCP’s quarterly revenue was down 17.9% on a year-over-year basis.

HCP has been the subject of a number of other research reports. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 target price on shares of HCP in a report on Thursday, December 14th. JPMorgan Chase raised HCP from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a report on Friday, December 15th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine downgraded HCP from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Robert W. Baird reduced their target price on HCP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. HCP presently has an average rating of “Hold” and an average price target of $27.50.

NYSE:HCP opened at $23.16 on Friday. HCP has a 1-year low of $21.48 and a 1-year high of $33.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $10,970.89, a P/E ratio of 11.88, a PEG ratio of 4.31 and a beta of 0.26.

Several large investors have recently added to or reduced their stakes in HCP. Cohen & Steers Inc. raised its stake in shares of HCP by 26.6% during the 3rd quarter. Cohen & Steers Inc. now owns 35,762,597 shares of the real estate investment trust’s stock worth $995,273,000 after buying an additional 7,524,081 shares during the last quarter. Lasalle Investment Management Securities LLC raised its stake in shares of HCP by 12,329.6% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 6,761,684 shares of the real estate investment trust’s stock worth $176,345,000 after buying an additional 6,707,284 shares during the last quarter. Security Capital Research & Management Inc. raised its stake in shares of HCP by 196.4% during the 4th quarter. Security Capital Research & Management Inc. now owns 9,372,788 shares of the real estate investment trust’s stock worth $244,442,000 after buying an additional 6,210,806 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in shares of HCP during the 4th quarter worth $150,605,000. Finally, PGGM Investments raised its stake in HCP by 41.2% in the 4th quarter. PGGM Investments now owns 8,013,000 shares of the real estate investment trust’s stock valued at $208,979,000 after purchasing an additional 2,336,126 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

In other news, insider Kendall K. Young purchased 14,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $21.91 per share, with a total value of $306,740.00. Following the purchase, the insider now directly owns 48,544 shares of the company’s stock, valued at approximately $1,063,599.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

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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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