Market Update (NYSE:HCP): Lawsuit for Investors in HCP, Inc. (NYSE:HCP) announced by Shareholders Foundation

[GlobeNewswire] – SAN DIEGO, May 24, 2016– The Shareholders Foundation, Inc. announces that a lawsuit was filed in Ohio on behalf of certain purchasers of shares of HCP, Inc. against real estate investment trust HCP, Inc., … Read more on this. HCP, Inc. (HCP) , valued at $15.21B, opened at $32.72. Today, shares have traded between $32.48 and $33.00 per share with a trailing 52-week range being $25.11 to $40.90. HCP shares are currently priced at 11.65x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.17x earnings multiple for the same period. The company pays shareholders $2.30 per share in dividend income per year, for a current yield of 7.11%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $0.70 per share, which would be $0.09 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $2.77, which would be a $0.39 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $631.25 Million. If reported, that would be a 3.90% increase over the year-ago quarter. More recently, Jefferies upgraded HCP from Underperform to Hold (May 10, 2016). Previously, UBS downgraded HCP from Buy to Neutral. The average price target for HCP shares is $31.42, which is 3.97% below where the stock opened this morning. See more in (NYSE:HCP) Similar Articles: Company Update (NYSE:SRE): Lawsuit for Porter Ranch Homeowners and Lawsuit for Investors in Sempra Energy (NYSE:SRE) Shares Announced by Shareholders Foundation Market Update (NYSE:CI): Deadline in Lawsuit For Investors in CIGNA Corporation (NYSE:CI) Announced by Shareholders Foundation Market Update: PG&E Corporation (NYSE:PCG) – Lawsuit for Long-Term Investors in PG&E Corporation (NYSE:PCG) Shares Announced by Shareholders Foundation