HCP, Inc. is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company's segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities. Its Life science properties contain laboratory and office space for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies and other organizations. Its Medical office buildings contain physicians' offices and examination rooms, and may include pharmacies, hospital ancillary service space and outpatient services. As of December 31, 2016, it had interests in and managed 15 hospitals, 61 care homes in the United Kingdom and five post-acute/skilled nursing facilities.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:HCP
CUSIP40414L10
Phone949-407-0700
Debt
Debt-to-Equity Ratio1.23%
Current Ratio0.31%
Quick Ratio0.31%
Price-To-Earnings
Trailing P/E Ratio11.47
Forward P/E Ratio12.35
P/E Growth5.74
Sales & Book Value
Annual Sales$1.85 billion
Price / Sales5.68
Cash Flow$2.0439 per share
Price / Cash10.94
Book Value$11.93 per share
Price / Book1.87
Profitability
EPS (Most Recent Fiscal Year)$1.95
Net Income$414.16 million
Net Margins22.37%
Return on Equity6.99%
Return on Assets2.90%
Miscellaneous
Employees190
Outstanding Shares469,440,000
HCP (NYSE:HCP) Frequently Asked Questions
What is HCP's stock symbol?
HCP trades on the New York Stock Exchange (NYSE) under the ticker symbol "HCP."
How often does HCP pay dividends? What is the dividend yield for HCP?
HCP declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.37 per share on Friday, March 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Wednesday, February 14th. View HCP's Dividend History.
How were HCP's earnings last quarter?
HCP, Inc. (NYSE:HCP) issued its quarterly earnings results on Tuesday, February, 13th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.01. The real estate investment trust earned $443.30 million during the quarter, compared to analyst estimates of $448.54 million. HCP had a net margin of 22.37% and a return on equity of 6.99%. The firm's revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.59 EPS. View HCP's Earnings History.
When is HCP's next earnings date?
What guidance has HCP issued on next quarter's earnings?
HCP updated its FY18 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of $1.77-1.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.83.
What price target have analysts set for HCP?
16 brokers have issued 12 month target prices for HCP's shares. Their forecasts range from $21.00 to $35.00. On average, they expect HCP's share price to reach $27.50 in the next year. View Analyst Ratings for HCP.
Who are some of HCP's key competitors?
Some companies that are related to HCP include Welltower (WELL), GGP (GGP), Boston Properties (BXP), Ventas (VTR), Essex Property Trust (ESS), Realty Income (O), Host Marriott L P (HST), GECINA (GECFF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Annaly Capital Management (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Sino Land (SNLAY), Regency Centers (REG), Iron Mountain (IRM), UDR (UDR) and Duke Realty (DRE).
Who are HCP's key executives?
HCP's management team includes the folowing people:
- Thomas M. Herzog, Chief Executive Officer, Director (Age 54)
- Peter A. Scott, Chief Financial Officer, Executive Vice President (Age 37)
- Thomas M. Klaritch CPA, Chief Operating Officer, Executive Vice President (Age 59)
- Scott M. Brinker, Executive Vice President, Chief Investment Officer (Age 40)
- Troy E. McHenry, Executive Vice President, General Counsel, Corporate Secretary (Age 44)
- Kendall K. Young, Executive Vice President - Senior Housing Investments (Age 56)
- Shawn G. Johnston, Senior Vice President, Chief Accounting Officer (Age 37)
- Kai Hsiao, Senior Managing Director - Senior Housing Properties (Age 46)
- David B. Henry, Non-Executive Chairman of the Board (Age 69)
- Brian G. Cartwright, Independent Director (Age 69)
Has HCP been receiving favorable news coverage?
Media coverage about HCP stock has been trending positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HCP earned a media sentiment score of 0.36 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 48.19 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
How do I buy shares of HCP?
Shares of HCP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is HCP's stock price today?
One share of HCP stock can currently be purchased for approximately $22.36.
How big of a company is HCP?
HCP has a market capitalization of $10.69 billion and generates $1.85 billion in revenue each year. The real estate investment trust earns $414.16 million in net income (profit) each year or $1.95 on an earnings per share basis. HCP employs 190 workers across the globe.
How can I contact HCP?
HCP's mailing address is 1920 MAIN STREET SUITE 1200, IRVINE CA, 92614. The real estate investment trust can be reached via phone at 949-407-0700 or via email at [email protected]
MarketBeat Community Rating for HCP (HCP)
MarketBeat's community ratings are surveys of what our community members think about HCP and other stocks. Vote "Outperform" if you believe HCP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HCP will underperform the S&P 500 over the long term. You may vote once every thirty days.
HCP (NYSE:HCP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for HCP in the last 12 months. Their average twelve-month price target is $27.50, suggesting that the stock has a possible upside of 22.99%. The high price target for HCP is $35.00 and the low price target for HCP is $21.00. There are currently 2 sell ratings, 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.19 | 2.19 | 2.13 | 1.94 |
| Ratings Breakdown: | 2 Sell Rating(s)
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
13 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $27.50 | $27.50 | $30.1429 | $31.00 |
| Price Target Upside: | 22.99% upside | 20.51% upside | 27.51% upside | 17.07% upside |
HCP (NYSE:HCP) Consensus Price Target History
HCP (NYSE:HCP) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
HCP (NYSE:HCP) Dividend Information
HCP pays an annual dividend of $1.48 per share, with a dividend yield of 6.62%. HCP's most recent quarterly dividend payment was Friday, March 2. HCP pays out 75.90% of its earnings out as a dividend.
| Most Recent Dividend: | 3/2/2018 |
| Annual Dividend: | $1.48 |
| Dividend Yield: | 6.62% |
| Dividend Growth: | -12.10% (3 Year Average) |
| Payout Ratio: | 75.90% (Trailing 12 Months of Earnings)
81.77% (Based on This Year's Estimates)
81.32% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
HCP (NYSE:HCP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | quarterly | $0.37 | 6.37% | 2/14/2018 | 2/15/2018 | 3/2/2018 |
| 10/26/2017 | quarterly | $0.37 | 5.79% | 11/3/2017 | 11/6/2017 | 11/21/2017 |
| 7/27/2017 | quarterly | $0.37 | 4.65% | 8/3/2017 | 8/7/2017 | 8/22/2017 |
| 4/27/2017 | quarterly | $0.37 | 4.72% | 5/4/2017 | 5/8/2017 | 5/23/2017 |
| 2/2/2017 | quarterly | $0.37 | 4.81% | 2/13/2017 | 2/15/2017 | 3/2/2017 |
| 11/1/2016 | quarterly | $0.37 | | 11/8/2016 | 11/10/2016 | 11/25/2016 |
| 7/28/2016 | quarterly | $0.5750 | 5.86% | 8/4/2016 | 8/8/2016 | 8/23/2016 |
| 4/27/2016 | quarterly | $0.5750 | 6.78% | 5/5/2016 | 5/9/2016 | 5/24/2016 |
| 1/28/2016 | quarterly | $0.5750 | 6.29% | 2/4/2016 | 2/8/2016 | 2/23/2016 |
| 10/29/2015 | quarterly | $0.5650 | 6.08% | 11/5/2015 | 11/9/2015 | 11/24/2015 |
| 7/30/2015 | quarterly | $0.5650 | 5.85% | 8/6/2015 | 8/10/2015 | 8/25/2015 |
| 4/30/2015 | quarterly | $0.5650 | 5.55% | 5/7/2015 | 5/11/2015 | 5/26/2015 |
| 1/29/2015 | quarterly | $0.5650 | 4.78% | 2/5/2015 | 2/9/2015 | 2/24/2015 |
| 10/30/2014 | quarterly | $0.5450 | 4.96% | 11/6/2014 | 11/10/2014 | 11/25/2014 |
| 7/31/2014 | quarterly | $0.5450 | 5.22% | 8/7/2014 | 8/11/2014 | 8/26/2014 |
| 5/6/2014 | quarterly | $0.5450 | | | 5/27/2014 | 5/6/2014 |
| 5/1/2014 | quarterly | $0.5450 | 5.18% | 5/8/2014 | 5/12/2014 | 5/27/2014 |
| 1/30/2014 | | $0.5250 | | 2/6/2014 | 2/10/2014 | 2/25/2014 |
| 1/30/2014 | quarterly | $0.5450 | 5.57% | 2/6/2014 | 2/10/2014 | 2/25/2014 |
| 10/24/2013 | quarterly | $0.5250 | 4.88% | 10/31/2013 | 11/4/2013 | 11/19/2013 |
| 7/25/2013 | quarterly | $0.5250 | 4.63% | 8/1/2013 | 8/5/2013 | 8/20/2013 |
| 4/25/2013 | quarterly | $0.5250 | 3.98% | 5/2/2013 | 5/6/2013 | 5/21/2013 |
| 1/25/2013 | quarterly | $0.5250 | 4.48% | 1/31/2013 | 2/4/2013 | 2/19/2013 |
(Data available from 1/1/2013 forward)
HCP (NYSE HCP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.14%
Institutional Ownership Percentage: 88.54%
HCP (NYSE HCP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/14/2018 | Kendall K Young | Insider | Buy | 14,000 | $21.91 | $306,740.00 | 48,544 |  |
| 6/13/2017 | Thomas Klaritch | Insider | Sell | 2,651 | $31.53 | $83,586.03 | 176,830 | |
| 3/16/2017 | Scott A Anderson | CAO | Sell | 10,000 | $29.94 | $299,400.00 | 27,345 | |
| 9/7/2016 | Thomas D. Kirby | Insider | Sell | 3,000 | $40.24 | $120,720.00 | | |
| 8/31/2016 | Darren A Kowalske | Insider | Sell | 2,250 | $39.20 | $88,200.00 | 9,793 | |
| 8/24/2016 | Kendall K Young | Insider | Sell | 9,000 | $39.46 | $355,140.00 | 36,183 | |
| 8/23/2016 | Jonathan M Bergschneider | EVP | Sell | 7,651 | $39.78 | $304,356.78 | 54,095 | |
| 5/9/2016 | Kai Hsiao | EVP | Sell | 266 | $36.04 | $9,586.64 | | |
| 2/12/2016 | Thomas D Kirby | EVP | Buy | 500 | $26.10 | $13,050.00 | 40,481 | |
| 2/11/2016 | Darren A Kowalske | EVP | Buy | 3,822 | $26.12 | $99,830.64 | | |
| 2/11/2016 | Lauralee Martin | CEO | Buy | 25,000 | $25.39 | $634,750.00 | 252,223 | |
| 2/10/2016 | James Justin Hutchens | EVP | Buy | 10,000 | $27.47 | $274,700.00 | 35,854 | |
| 12/8/2015 | Peter L Rhein | Director | Sell | 5,600 | $36.43 | $204,008.00 | | |
| 11/11/2015 | James Justin Hutchens | EVP | Buy | 3,000 | $33.09 | $99,270.00 | 15,915 | |
| 11/11/2015 | James P Hoffmann | Director | Buy | 10,000 | $33.00 | $330,000.00 | 38,878 | |
| 11/6/2015 | Kendall K Young | EVP | Buy | 2,900 | $33.95 | $98,455.00 | 34,449 | |
| 6/12/2015 | Thomas Klaritch | EVP | Sell | 32,875 | $38.20 | $1,255,825.00 | | |
| 8/29/2014 | Thomas D Kirby | EVP | Sell | 672 | $43.25 | $29,064.00 | | |
| 8/27/2014 | Thomas Klaritch | EVP | Sell | 2,925 | $42.74 | $125,014.50 | | |
| 6/16/2014 | Thomas Klaritch | EVP | Sell | 40,000 | $41.29 | $1,651,600.00 | | |
| 6/2/2014 | Kendall K Young | EVP | Sell | 5,114 | $42.12 | $215,401.68 | | |
| 6/2/2014 | Peter L Rhein | Director | Sell | 5,000 | $41.89 | $209,450.00 | | |
| 5/14/2014 | Susan Tate | EVP | Sell | 23,311 | $42.25 | $984,889.75 | 45,401 | |
| 5/15/2013 | Scott A Anderson | CAO | Sell | 3,826 | $54.07 | $206,871.82 | | |
| 11/26/2012 | Thomas D Kirby | EVP | Sell | 1,000 | $46.05 | $46,050.00 | | |
(Data available from 1/1/2013 forward)
HCP (NYSE HCP) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | HCP, Inc. (HCP) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - April 19 at 7:21 PM |
| HCP (HCP) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - April 17 at 5:27 PM |
| HCP (HCP) Downgraded to "Neutral" at Goldman Sachs
www.americanbankingnews.com - April 16 at 10:54 PM |
| Jefferies Group Reaffirms "Hold" Rating for HCP (HCP)
www.americanbankingnews.com - April 16 at 12:37 PM |
| HCP (HCP) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - April 15 at 1:17 PM |
| Zacks: Brokerages Expect HCP, Inc. (HCP) Will Announce Quarterly Sales of $458.84 Million
www.americanbankingnews.com - April 12 at 4:37 AM |
| Zacks: Analysts Anticipate HCP, Inc. (HCP) to Post $0.46 EPS
www.americanbankingnews.com - April 10 at 8:18 AM |
| FY2018 Earnings Estimate for HCP, Inc. (HCP) Issued By Jefferies Group
www.americanbankingnews.com - April 9 at 1:56 AM |
| UBS Downgrades HCP (HCP) to Sell
www.americanbankingnews.com - April 8 at 3:17 PM |
| HCP (HCP) Stock Rating Reaffirmed by Stifel Nicolaus
www.americanbankingnews.com - April 8 at 12:40 AM |
| HCP (HCP) Earns "Hold" Rating from KeyCorp
www.americanbankingnews.com - April 6 at 9:16 PM |
| HCP (HCP) Stock Rating Reaffirmed by BMO Capital Markets
www.americanbankingnews.com - April 6 at 5:53 PM |
| HCP, Inc. Forecasted to Post Q1 2018 Earnings of $0.46 Per Share (HCP)
www.americanbankingnews.com - April 6 at 6:23 AM |
 | HCP to Report First Quarter 2018 Financial Results and Host Conference Call/Webcast
www.prnewswire.com - April 5 at 4:27 PM |
 | Brookdale Senior Living buys Palm Beach County facility from HCP for $75M
www.bizjournals.com - April 5 at 10:48 AM |
 | S&P 500 Movers: HCP, UNH
www.nasdaq.com - April 3 at 5:07 PM |
| HCP (HCP) Stock Rating Upgraded by Mizuho
www.americanbankingnews.com - April 1 at 11:58 PM |
| HCP (HCP) Price Target Cut to $29.00 by Analysts at Stifel Nicolaus
www.americanbankingnews.com - April 1 at 4:16 PM |
| HCP (HCP) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 31 at 1:12 PM |
| HCP (HCP) Given a $25.00 Price Target at BMO Capital Markets
www.americanbankingnews.com - March 28 at 3:48 PM |
 | Here's Why Hold Strategy is Apt for HCP Stock Right Now
www.zacks.com - March 28 at 8:59 AM |
 | Here's Why Hold Strategy is Apt for HCP Stock Right Now
finance.yahoo.com - March 27 at 4:54 PM |
| HCP (HCP) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 26 at 3:12 PM |
| HCP, Inc. (HCP) Expected to Post Quarterly Sales of $456.53 Million
www.americanbankingnews.com - March 26 at 6:53 AM |
| HCP, Inc. (HCP) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 25 at 7:26 PM |
| ValuEngine Downgrades HCP (HCP) to Hold
www.americanbankingnews.com - March 25 at 5:22 PM |
| New Aplio i600 Ultrasound System from Canon Medical Systems Receives FDA Clearance
www.bizjournals.com - March 24 at 9:13 AM |
| Brokerages Anticipate HCP, Inc. (HCP) to Announce $0.46 EPS
www.americanbankingnews.com - March 24 at 5:24 AM |
 | Health Care REIT Yields 6.5%, Strong Growth Trends, Sustainable Dividend, Attractive Valuation - Seeking Alpha
seekingalpha.com - March 21 at 5:16 PM |
| Wells Fargo Trims HCP (HCP) Target Price to $27.00
www.americanbankingnews.com - March 20 at 10:53 AM |
| Free Research Report as HCP's Adjusted FFO Outshone Forecasts
finance.yahoo.com - March 20 at 8:59 AM |
| Fundamental Advisors Acquires Tandem Health Care Mezzanine Loan
finance.yahoo.com - March 15 at 5:40 PM |
| HCP Closes on the Sale of Its Tandem Mezzanine Loan Investment
finance.yahoo.com - March 15 at 5:40 PM |
| HCP Up 5.4% Since Earnings Report: Can It Continue?
finance.yahoo.com - March 15 at 5:40 PM |
| HCP, Inc. (HCP) Short Interest Update
www.americanbankingnews.com - March 15 at 3:06 AM |
| HCP (HCP) Raised to Buy at Bank of America
www.americanbankingnews.com - March 10 at 9:24 PM |
| Zacks: Brokerages Expect HCP, Inc. (HCP) Will Announce Quarterly Sales of $456.49 Million
www.americanbankingnews.com - March 9 at 3:50 PM |
| Zacks: Analysts Expect HCP, Inc. (HCP) to Announce $0.47 Earnings Per Share
www.americanbankingnews.com - March 7 at 1:14 AM |
| Eaton Vance Management Sells 4,048 Shares of HCP, Inc. (HCP)
www.americanbankingnews.com - March 6 at 11:54 AM |
 | Form 3 HCP, INC. For: Mar 01 Filed by: Brinker Scott M
www.streetinsider.com - March 6 at 8:42 AM |
 | BRIEF-HCP And Atria Senior Living Announce Agreement To Transition Management Of 24 Senior Housing Communities To Atria
www.reuters.com - March 5 at 5:32 PM |
| State of Tennessee Treasury Department Sells 6,144 Shares of HCP, Inc. (HCP)
www.americanbankingnews.com - March 5 at 3:28 PM |
| HCP, Inc. (HCP) Sees Significant Increase in Short Interest
www.americanbankingnews.com - March 5 at 2:10 AM |
| Sun Life Financial INC Raises Position in HCP, Inc. (HCP)
www.americanbankingnews.com - March 4 at 2:57 PM |
| American International Group Inc. Buys 15,971 Shares of HCP, Inc. (HCP)
www.americanbankingnews.com - March 3 at 4:12 AM |
| Standard Life Aberdeen plc Has $8.21 Million Holdings in HCP, Inc. (HCP)
www.americanbankingnews.com - March 2 at 8:54 PM |
| The Manufacturers Life Insurance Company Trims Position in HCP, Inc. (HCP)
www.americanbankingnews.com - March 2 at 7:46 PM |
| U.S. nursing home chain HCR ManorCare to sell itself in bankruptcy
finance.yahoo.com - March 2 at 5:44 PM |
| HCP, Inc. (HCP) Stake Raised by Assetmark Inc.
www.americanbankingnews.com - March 2 at 4:40 AM |
| HCP, Inc. (HCP) Stake Boosted by Wells Fargo & Company MN
www.americanbankingnews.com - March 1 at 6:02 PM |
HCP (NYSE:HCP) SEC Filings
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HCP (NYSE:HCP) Income Statement, Balance Sheet and Cash Flow Statement
HCP (NYSE HCP) Stock Chart for Friday, April, 20, 2018
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