Market Update: HCP Inc (NYSE:HCP) – INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of HCP, Inc. of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 11, 2016 – HCP

[GlobeNewswire] – NEW YORK, May 27, 2016– The following statement is being issued by Levi& Korsinsky, LLP:. To: All persons or entities who purchased or otherwise acquired securities of HCP, Inc. between March 30, 2015 … Read more on this. HCP, Inc. (HCP) , with a current value of $15.43B, began trading this morning at $32.69. Today, shares have traded between $32.69 and $33.19 per share with a trailing 52-week range being $25.11 to $40.90. HCP shares are currently priced at 11.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.92x forward p/e ratio. The company pays shareholders $2.30 per share annually in dividends, yielding 7.06%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.70 per share, which would be $0.09 worse than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.77 is a $0.39 setback when compared to the previous year’s annual results. 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. 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 by the analysts covering it is $31.42, which is 3.88% below where the stock opened. See more in (NYSE:HCP) Similar Articles: Stock Update (NYSE:HCP): INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of HCP, Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of July 11, 2016 — HCP Company Update: Sempra Energy (NYSE:SRE) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Sempra Energy of Commencement of Class Action Lawsuit and a Lead Plaintiff Deadline of May 2, 2016 – SRE Company Update (NYSE:FCX): INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Freeport-McMoRan Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2016 – FCX