|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.83 - 23.26|
|52 Week Range||21.48 - 33.67|
|PE Ratio (TTM)||26.35|
|Earnings Date||Apr 30, 2018 - May 4, 2018|
|Forward Dividend & Yield||1.48 (6.45%)|
|1y Target Est||25.75|
In sync with its strategic measures, HCP (HCP) closes the sale of its mezzanine loan that was secured by interests in the Tandem Healthcare Portfolio for $112 million.
Investment to Expand Fundamental's Senior Care Portfolio with Growing Focus on Skilled Nursing NEW YORK , March 15, 2018 /PRNewswire/ -- Fundamental Advisors LP ("Fundamental"), a leading alternative ...
IRVINE, Calif., March 15, 2018 /PRNewswire/ -- HCP (HCP) today announced it has closed on the sale of its Tandem mezzanine loan investment to Fundamental Advisors LP, a leading alternative asset manager, for $112 million. "We are pleased to close on the disposition of our last mezzanine loan investment," said Scott Brinker, HCP's Chief Investment Officer. Statements in this release statement that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
In an effort to lower its Brookdale portfolio concentration, HCP (HCP) shifts the management of 24 senior housing communities, currently operated by Brookdale, to Atria.
IRVINE, Calif. and LOUISVILLE, Ky., March 5, 2018 /PRNewswire/ -- HCP (HCP) and Atria Senior Living ("Atria") announced today they have reached agreements to transition management on a portfolio of 24 HCP-owned senior housing communities from Brookdale Senior Living to Atria. "We are pleased to meaningfully grow our relationship with Atria," said Tom Herzog, HCP President and Chief Executive Officer. "We are excited to partner with HCP and grow our relationship with such a high-quality, long-term owner," said Atria Senior Living Chairman and CEO John Moore.
The second-largest U.S. nursing home operator, HCR ManorCare, will file for Chapter 11 protection in the coming days and transfer ownership to its landlord, Quality Care Properties Inc, the latest sign of distress in the senior housing industry. Quality Care, a real estate investment trust, announced the agreement on Friday, saying it would become the full owner of Toledo, Ohio-based ManorCare's skilled nursing, assisted living, hospice and homecare businesses across the United States.
Since its inception in 2007, Healthcare Trust of America (HTA) has delivered a return of 190.0%, beating the S&P 500 Index (SPX), which delivered a return of 139.0%, and the US REIT Index, which delivered a return of 71.0%. HTA has maintained a 9.7% annualized average total return since its first distribution. Investors who invested $1,000 with HTA at inception could expect the invested amount to increase to ~$2,904 with dividends reinvested at the end of 2017.