Company Update: HCP Inc (NYSE:HCP) – Argentum and HCP Announce Partnership to Promote Operational Excellence

[Business Wire] – Argentum and HCP, Inc. today announced a three-year corporate partnership focused on promoting innovation and technology throughout the senior living industry. Read more on this. HCP, Inc. (HCP) , with a current market cap of $16.51B, started the session at $34.63. Looking at the stock, its one day range is $34.61 to $35.84 with the price of the stock fluctuating between $25.11 to $40.90 over the last 52 weeks. HCP shares are currently priced at 12.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.90x forward p/e ratio. The company pays shareholders $2.30 per share annually in dividends, yielding 6.80%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.69 per share, which would be $0.10 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $2.76 which would be a $0.40 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $621.93 Million. If realized, that would be a 1.82% increase over the year-ago quarter. Recently, UBS downgraded HCP from Buy to Neutral (Mar 16, 2016). Previously, Stifel downgraded HCP from Hold to Sell. With the above information in mind, readers should note that the average price target is $29.85, which is 13.80% below where the stock opened this morning. See more in (NYSE:HCP) Similar Articles: Company Update (NYSE:HCP): HCP Declares Quarterly Cash Dividend on Common Stock Market Update: 3M Company (NYSE:MMM) – 3M and Nobel Media Announce International Partnership Company Update: HCP Inc (NYSE:HCP) – HCP Declares Increased Quarterly Cash Dividend on Common Stock for 31st Consecutive Year