Mitsubishi UFJ Financial Group Weighs in on HCP, Inc.’s Q1 2019 Earnings (HCP)

HCP, Inc. (NYSE:HCP) – Mitsubishi UFJ Financial Group raised their Q1 2019 EPS estimates for HCP in a report released on Wednesday, November 14th. Mitsubishi UFJ Financial Group analyst K. Ford now forecasts that the real estate investment trust will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.44. Mitsubishi UFJ Financial Group also issued estimates for HCP’s Q1 2020 earnings at ($0.45) EPS.

A number of other analysts have also recently commented on the stock. Zacks Investment Research restated a “sell” rating on shares of HCP in a research note on Tuesday. ValuEngine upgraded shares of HCP from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada upgraded shares of HCP from a “sector perform” rating to an “outperform” rating in a research note on Friday, November 2nd. Cantor Fitzgerald increased their target price on shares of HCP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $27.00 target price on shares of HCP in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.75.

Shares of HCP stock opened at $28.41 on Friday. The company has a market cap of $13.52 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 7.24 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.48. HCP has a 12 month low of $21.48 and a 12 month high of $29.32.

HCP (NYSE:HCP) last announced its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $456.59 million. HCP had a net margin of 9.16% and a return on equity of 3.06%. HCP’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS.

Several institutional investors have recently bought and sold shares of HCP. Xact Kapitalforvaltning AB raised its position in shares of HCP by 24.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 180,400 shares of the real estate investment trust’s stock valued at $4,658,000 after buying an additional 34,911 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of HCP by 14.1% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,275 shares of the real estate investment trust’s stock valued at $3,622,000 after purchasing an additional 17,358 shares during the last quarter. Atria Investments LLC grew its holdings in shares of HCP by 18.6% during the 2nd quarter. Atria Investments LLC now owns 18,875 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 2,957 shares during the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of HCP during the 2nd quarter valued at $211,000. Finally, Westpac Banking Corp grew its holdings in shares of HCP by 16.1% during the 2nd quarter. Westpac Banking Corp now owns 504,111 shares of the real estate investment trust’s stock valued at $13,016,000 after purchasing an additional 69,812 shares during the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Friday, November 2nd. HCP’s dividend payout ratio (DPR) is currently 75.90%.

About HCP

HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.

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Earnings History and Estimates for HCP (NYSE:HCP)

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