and beat earnings Feb. 10th. Interest rates remain the same and not expected to rise until June and Forbes reported that it would not affect HCP as the boomer generation is hitting retirement age and HCP's holdings of Hospitals, medical buildings, and other assets are in a great position. Don't know why this stock has lost 6 bucks in such a short time but if you look at the prior charts it has happened many times. In fact HCP is expanding and building new facilities to care for the upcoming boom of the aging.
So what else is new? Crooked market has been going on for years. Look at all the REIT insiders salaries and options. It's criminal but legal.
Okay, and today it is around the same price but in the meantime you got 4 dividends so you must be up if you are still holding.
Forbes wrote two good articles on buying REITS right now and that it is a landlord's market. They said even if interest rates rise, the REITS will still be winners. I love HCP for the safety and the dividend. Recommended a couple of commercial REITS and also HCP for the aging population.
You have played this well. That is what a smart investor does; sell some at a nice profit and hold some for the dividend or in case the stock goes back up. You have averaged down your cost by selling at $48. Nice going and the remainder pays you a nice div. each qtr.
The book value is NOT what you posted. They have a negative EPS which means they are bleeding cash even at this low price per share. Could it be that insiders are skimming all the profits with their options, free shares and HUGE multi million dollar yearly salaries? Hmmm-Seems like it's all finally catching up to them.
It is a great company but the PE of 71 at this high price per share tells me maybe one could enter at a lower price but for sure this will take off well over 100 within 2 years.