30.83 -0.18 (-0.58%)
After hours: 5:15PM EST
|Bid||30.00 x 4000|
|Ask||31.60 x 1000|
|Day's Range||30.55 - 31.04|
|52 Week Range||21.48 - 31.88|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||13.84|
|Forward Dividend & Yield||1.48 (4.78%)|
|1y Target Est||N/A|
HCP's fourth-quarter 2018 results marred by continued decline in senior-housing operating portfolio cash net operating income.
The results met Wall Street expectations. The Irvine, California-based real estate investment trust said it had funds from operations of $202.1 million, or 43 cents per share, in the period. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 43 cents per share.
HCP (HCP) delivered FFO and revenue surprises of 0.00% and -1.33%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Kilroy Realty looks to add a 508,000-square-foot first phase — part of Kilroy Oyster Point project entitled for 2.5 million square feet — to South San Francisco's biotech building boom.
As HCP remains focused on reducing its Brookdale-portfolio concentration, we anticipate the company to report lower portfolio occupancy in the fourth quarter.
January was a good month for healthcare REITs, pushing these names and others up sharply. But was something special going on?
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# HCP Inc ### NYSE:HCP View full report here! ## Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is low for HCP with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.59 billion over the last one-month into ETFs that hold HCP are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Positive The current level displays a positive indicator. HCP credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Amid shift of care to low-cost setting, medical office buildings (MOBs) and outpatient facilities have been creating opportunities for healthcare REITs to park their money.
HCP's senior unsecured debt rating has been bumped up by a notch to Baa1 by Moody's. Moreover, the rating firm's outlook for the company has been maintained at stable.
Moody's Investors Service ("Moody's") has upgraded the senior unsecured debt rating of HCP, Inc. (HCP) to Baa1 from Baa2. The ratings upgrade reflects the REIT's progress in executing its portfolio repositioning strategy, which has improved its asset quality, while also enabling it to reduce leverage. HCP is now diversified across multiple segments of healthcare, including senior housing (38% of portfolio income as of 3Q18 pro forma to reflect recent and pending transactions), medical office buildings (MOBs) (29%), life sciences (23%), and, to a lesser extent, hospitals (7%).
The real estate sector experienced a rocky 2018, closing out the year in the red while managing to outperform the broader market. The year started with sky-high home prices and historically low mortgage rates only to see these trends reversed. The impact of those two market forces has hurt the real estate sector, and in particular, the home builders, suppliers and real estate investment trusts (REITs).
A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being […]
HCP increases public offering of common stock to 15 million shares, and enters into a forward sale agreement for 13 million shares as well.
HCP (HCP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.