|Bid||31.72 x 900|
|Ask||31.73 x 900|
|Day's Range||31.61 - 31.91|
|52 Week Range||24.47 - 33.58|
|Beta (3Y Monthly)||0.26|
|PE Ratio (TTM)||13.90|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||1.48 (4.66%)|
|1y Target Est||32.97|
Shares of real estate investment trust are selling off in unanimous fashion, as the better-than-expected June jobs data has fueled in a big jump in Treasury yields. The SPDR Real Estate Select Sector ETF shed 1.0% in midday trading, with all 32 of its equity components losing ground. The REIT ETF (XLRE) tends to act as a bond proxy given its relatively high dividend yield, which means it becomes less attractive to investors when bond prices fall and bond yields rise. The 10-year Treasury yield jumps 10.2 basis points to 2.055% after closing Wednesday at the lowest yield since November 2016. The XLRE's yield is 3.26%, compared with the implied yield for the S&P 500 of 1.93%. Among the XLRE's most-active components, shares of Host Hotels & Resorts Inc. declined 0.8%, Weyerhaeuser Co. lost 1.3%, HCP Inc. dropped 1.5% and Kimco Realty Co. slipped 0.5%. Of the XLRE's highest yielders, shares of Macerich Co. fell 0.4% and yields 9.05%, while Iron Mountain Inc. slid 1.7% and yields 7.78%.
IRVINE, Calif., June 20, 2019 /PRNewswire/ -- HCP, Inc. (HCP) announced today that it has amended its previously announced tender offers (the "Tender Offers") to purchase for cash up to an aggregate principal amount of $400,000,000 (the "Aggregate Maximum Tender Amount") of its 4.250% Senior Notes due 2023 (the "2023 Notes") and its 4.000% Senior Notes due 2022 (the "2022 Notes" and, together with the 2023 Notes, the "Notes") to increase the Aggregate Maximum Tender Amount to $500,000,000 and to increase the Target Allocation (as referred to below) to $250,000,000 per series of Notes. All other terms of the previously announced Tender Offers remain unchanged. The Total Consideration for Notes validly tendered prior to or at the Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Premium.
IRVINE, Calif., June 20, 2019 /PRNewswire/ -- HCP, Inc. (HCP) (the "Company") announced today that it has priced a public offering of $650 million aggregate principal amount of 3.250% senior unsecured notes due 2026 (the "2026 Notes") and $650 million aggregate principal amount of 3.500% senior unsecured notes due 2029 (the "2029 Notes" and, together with the 2026 Notes, the "Notes"). The 2026 Notes were priced at 99.906% of the principal amount and the 2029 Notes were priced at 99.572% of the principal amount. The Company intends to use the net proceeds from the offering to fund the (i) repurchase of portions of the Company's 4.000% senior unsecured notes due 2022 and 4.250% senior unsecured notes due 2023 pursuant to the tender offers announced separately today, and (ii) redemption of all of the Company's $800 million 2.625% senior unsecured notes due February 2020 (the "2020 Notes") prior to their stated maturity date, and in each case, to pay accrued interest and related fees, premiums and expenses in connection therewith.
IRVINE, Calif., June 20, 2019 /PRNewswire/ -- HCP, Inc. (HCP) announced today that it has commenced tender offers (the "Tender Offers") to purchase for cash up to an aggregate principal amount of $400,000,000 (the "Aggregate Maximum Tender Amount") of its 4.250% Senior Notes due 2023 (the "2023 Notes") and its 4.000% Senior Notes due 2022 (the "2022 Notes" and, together with the 2023 Notes, the "Notes"). The Total Consideration for Notes validly tendered prior to or at the Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Premium.
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
HCP Inc NYSE:HCPView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort 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 flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding HCP are favorable, with net inflows of $9.62 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording 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, and is easing. Credit worthinessCredit default swap | PositiveThe 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.
The real estate investment trust (REIT) sector rallied again toward a record high in midday trading Monday, boosted by a rally in 10-year Treasurys that pushed the yield down toward a near 2-year low. The SPDR Real Estate Select Sector ETF climbed 0.6%, as 27 of 32 components gained ground, and as 12 components reached 52-week highs, to put it on track for a 4th-straight record close. Among the more-active components, shares of Ventas Inc. climbed 1.8%, Kimco Realty Corp. rose 1.7%, HCP Inc. gained 0.9% and Host Hotels & Resorts Inc. hiked up 0.9%, while Weyerhaeuser Co. fell 0.6%. The REIT sector is often viewed as a defensive bond proxy given its relatively high dividend yield, so disappointing data that pushed Treasury yields lower can attract investors. On Monday, disappointing manufacturing and home builder sentiment data knocked the 10-year Treasury yield down 1.3 basis points to 2.080%, or well below the REIT ETF's dividend yield of 3.14%. The ETF has now rallied 7.0% over the past three months while the Dow Jones Industrial Average , which has an implied dividend yield of 2.07%, has gained 1.1%.
Acquisition of seniors housing portfolio valued at $1.8 billion, including construction in progress, will likely help Ventas (VTR) in diversifying its assets, business model and operator base.
IRVINE, Calif. , May 28, 2019 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) announced today that its President and CEO, Tom Herzog , along with other members of its senior management team, will present at Nareit's ...
HCP's amended and restated credit helps increase the size of the facility, extend the maturity date, lower the borrowing costs and boost financial flexibility.
IRVINE, Calif. , May 23, 2019 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) announced today that it has closed an amended and restated credit agreement providing for a $2.5 billion unsecured revolving credit facility ...
Nowhere is this more evident than the list of Dividend Aristocrats, a select group of 57 stocks with 25-plus years of consecutive dividend growth. It takes at least 25 years of uninterrupted dividend increases each year, no matter the economic climate, to make the list of Dividend Aristocrats. Until 2016 the real estate investment trust (REIT) that specializes in health care properties had maintained a streak of more than 30 annual dividend increases in a row before problems with a troubled tenant forced it to cut its dividend.
Bay Area companies are gearing up for ASCO, HCP's Brisbane biotech building is on the rise and more in our Health Care Digest.
One of the painful but crucial lessons that the re-escalating trade war has taught us is that anything can happen. Just a few weeks ago, a resolution between the U.S. and China appeared an inevitability. Now, even the idea of getting together for talks is questionable. That said, not all stocks to buy are vulnerable to unexpected sentiment shifts.If you're seeking a market segment that will likely produce strong gains over the next decade, it's time to look at assisted-living stocks. Elderly care operates on two core principles. First, it's our moral and ethical obligation to help those that cannot help themselves. Second, aging happens to everyone. Therefore, these specialized-care facilities will essentially exist forever.Other fundamental factors support the case for assisted-living stocks to buy. The biggest tailwind is the sheer size of the baby boomer demographic. Between 1946 and 1964, the U.S. experienced 76 million births. By 2012, 11 million of this generation had died, but that still leaves 65 million survivors. That's a lot of folks that will seek care during their golden years.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, advancing technologies in medicine and nutrition have noticeably increased our ability to extend our life. True, life expectancy is falling in this country. However, much of that can be attributed to the opioid crisis, which largely affects younger Americans. Overall, though, the point stands: healthcare innovations have had a net positive impact on baby boomers, which in turn affects assisted-living stocks to buy. * 7 Stocks to Buy that Lost 10% Last Week Best of all, the demand exists irrespective of economic or market conditions. It's an area that politically, Washington power-brokers cannot simply gloss over. Unlike discretionary sectors, specialized care levers a very human face. With that, here are seven assisted-living stocks to buy: Welltower (WELL)One of the attributes that attracted me to Welltower (NYSE:WELL) was that it's among Fortune's most admired companies of 2019. From a PR perspective, that's a huge story. As you probably know, assisted-living stocks don't enjoy the greatest of reputations due to scandalous stories of senior abuse.But as an investor, WELL stock provides many other substantive points to chew on. Primarily, shares have performed admirably this year, gaining over 18% since the January opener. Not only that, WELL recovered quickly from last year's broader market selloff. It ended 2018 with a return of 15%, whereas many other companies floundered.If that doesn't convince you to put WELL among your list of stocks to buy, consider its dividend. With a 4.4% yield, this can provide comfortable support should the markets experience a downturn. Ensign Group (ENSG)If you want pure exposure to assisted-living stocks to buy, take a good look at Ensign Group (NASDAQ:ENSG). Headquartered in Mission Viejo, California, ENSG stock is levered toward a robust local economy. Moreover, it offers comprehensive solutions for the elderly, including in-house therapy and hospice care.As with Welltower, ENSG stock exhibits tremendous resilience, even in the face of troubling market conditions. It absorbed a sharp blow during the broader selloff in late 2018. However, shares quickly bounced back. By the second half of February, ENSG had recovered all of its prior losses and then some. * 10 Baby Boomer Stocks to Buy That said, Ensign Group's equity is more representative of growth names than say dividend stocks to buy. For instance, ENSG is up 49% year-to-date, but only offers a miniscule 0.33% yield. Still, if you want to bet on extremely favorable demographics, Ensign is a great idea. Omega Healthcare Investors (OHI)Another strong name among assisted-living stocks to buy is Omega Healthcare Investors (NYSE:OHI). After working through some operational issues, management started this year off on an aggressive footing. In the first quarter, Omega bought out MedEquities Realty Trust (NYSE:MRT), which should boost the operational profile of OHI stock.However, you wouldn't guess that Omega was running on less than 100% of its cylinders by looking at its chart. On a year-to-date basis, OHI stock is up slightly over 15%. Last year, shares returned 40%. As you might imagine, the company hardly blinked during the recent downturn.I expect more of the same should the economy go sour due to a prolonged U.S.-China trade war. Recent quarterly revenues suggest that management is likely to overcome miscues from the past. Also, OHI stock pays out a very generous 7% dividend yield, which should attract shelter-seeking investors. HCP (HCP)A key advantage in acquiring assisted-living stocks to buy is their inverse correlation to current market conditions. For instance, while the benchmark S&P 500 index is down roughly 2% this month, senior-care specialist HCP (NYSE:HCP) has gained almost 7%.It was the same story last year. In the final quarter of 2018, the S&P 500 dropped 10%. On the other hand, HCP stock shot up just under 10% over the same time frame.I expect a similar dynamic if the markets slow down due to trade-war related complications. As with the other organizations in this segment, HCP stock will enjoy consistent, if not growing demand. Furthermore, HCP levers wider coverage of the healthcare sector, including life science, hospital and medical-office properties. * 7 A-Rated Healthcare Stocks for Industry Expansion Finally, HCP pays out a generous 4.7% dividend. Typically, income-generating companies fare better than pure growth names during a bear market. That's one more reason to put HCP in your list of stocks to buy! National HealthCare (NHC)Admittedly, some of the top names among assisted-living stocks represent speculation toward a corporate turnaround. What I like about National HealthCare (AMEX:NHC), though, is their "steady as she goes" financials. For instance, over the past four years, revenue for NHC stock has grown consecutively. This trend continued up to its most recent first quarter of 2019 earnings report.Granted, the growth rate isn't anything to write home about, which is essentially low single digits. But with the massive demographic tailwind that NHC stock benefits from, I'm not sure if they need crazy growth. Approximately 10,000 baby boomers retire each day, which will eventually translate to a robust clientele.Plus, National HealthCare pays out a 2.6% dividend yield. While the payout isn't as attractive as some of the other stocks to buy that I mentioned, the company's upwardly trekking sales is a significant positive. Capital Senior Living (CSU)While assisted-living stocks generally have a boring reputation -- how many of you got really jazzed about this segment? -- not all sector players fit that description. If you're the type to mix your gambling with elderly care, Capital Senior Living (NYSE:CSU) may be right for you.However, I don't want to mislead you in any way: CSU stock is one of the riskiest investments, both in assisted living and the broader markets. Last year was particularly awful for the organization, which suffered from slowing revenues and widening net-income losses. This dynamic was unhelpful to its overbearing long-term debt, to say the least. * 10 Stocks to Sell Before They Tank Your Portfolio Still, some hope exists for a turnaround. Revenue in Q1 was in line with the year-ago haul, suggesting that the sales bleed has stopped. Also, CSU stock has stabilized since hitting rock-bottom in March. It's super-risky, but that's sort of the point. Brookdale Senior Living (BKD)Brookdale Senior Living (NYSE:BKD) is a contradiction. On one hand, it levers the fundamentals that should make BKD stock a top player in the markets. Despite many troubled years, Brookdale is still the nation's top senior-housing owner and operator.But on the other hand, we've got to talk about those troubles. Since 2016, Brookdale's annual revenue has declined consecutively. Even worse, its Q1 2019 sales haul of $1 billion slipped more than 12% year-over-year. It has a sizable debt load and its net-income losses have widened considerably over the years.As a result, BKD stock has fallen into the dumps. But if you're a diehard contrarian, Brookdale may have something for you. Again, it's the top senior-housing operator in America. When you factor in the baby boomer demographic wave, BKD might make some big surprises.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post 7 Assisted-Living Stocks to Buy Now appeared first on InvestorPlace.
IRVINE, Calif. , May 15, 2019 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) announced today that it was named to Corporate Responsibility (CR) Magazine's 100 Best Corporate Citizens List for 2019. The roster ...
While many Wall Street firms are looking for equities than can weather a short-term trade conflict, Bank of America has screened more stringently for a hardier group of stocks: ones that can survive a worst-case or "full-blown" trade war between the world's two economic superpowers.