Stock looks like it is putting in a base in the $36.00-36.50 area. Tax loss selling just about over. Today's price is going to look cheap a quarter or two from now. Stock down 20% year-to-date and 35% from it's May high. Twenty five consecutive years of dividend increase with the next increase to be announced in January. Great stock at a reasonable price. Good luck people.
From the Seeking Alpha article discussing the value and potential of HCP:
"HCP Fair Value: $31.12
Buy At: $26.41 or below
At the price shown, HCP's 10-year projected total return increases to 12.9%. Please don't misunderstand me. I believe HCP to be a fine company and at the right price it is a solid long-term investment. If the company can refocus itself on growth and double the growth rate of the dividend then the investment thesis becomes far more compelling."
the funny thing ( and why I am buying this to hold forever) is how dumb people are about stocks.
These REITs are great and a must for a diversified income/growth portfolio and when one of the top
ranking companies gets hammered, that is the BUY IT NOW signal. Just looking at the big picture, demographics on HCP's business are excellent and interest rates will bump above an djust under
3 this year and likely next until we get a minor recession at the end of 2015. All this time HCP is solid
and giving a great dividend. You can worry about interest rates all you want, but please take note that unlike the late 70's and early 80, the USA is in an oil and natuaral gas revolution leading the world and at the same time has the goldilocks population growth via immigratrion with aging baby boomers ( th elast ones with money in thier pockets). The time is now to be alive folks, BE VERY HAPPY because in 100 years, just like a hundred years ago, things will be 3x harder. HCP ...only a moron would sell this stock at these prices but please, be my guest lol