Company Update: HCP Inc (NYSE:HCP) – FINAL DEADLINE – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against HCP, Inc. (HCP) and Lead Plaintiff Deadline: July 11, 2016

[Accesswire] – NEW YORK, NY / ACCESSWIRE / July 8, 2016 / Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against HCP, Inc. (“HCP” or “the Company”) (NYSE: HCP ). The class action … Read more on this. HCP, Inc. (HCP) , with a current market cap of $16.79B, opened at $35.38. Today’s price range has been between $34.99 and $35.94 per share with the price of the stock fluctuating between $25.11 to $40.90 over the last 52 weeks. HCP shares are currently priced at 12.55x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.67x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.30 per share annually in dividends, yielding 6.69%. Consensus earnings for the current quarter by the 15 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 increase. The full-year EPS estimate is $2.78 which would be a $0.38 setback than last year’s full-year earnings. 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, Goldman upgraded HCP from Sell to Neutral (Jul 8, 2016). Previously, Morgan Stanley downgraded HCP from Equal-Weight to Underweight. Given all the information above, we should disclose to readers that the average price target is $31.42, which is 11.19% below than it opened this morning. See more in (NYSE:HCP) Similar Articles: Stock Update (NYSE:TGT): SHAREHOLDER ALERT- Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against Target Corporation (TGT) and Lead Plaintiff Deadline – July 18, 2016 Stock Update (NYSE:HCP): SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against HCP, Inc. (HCP) and Lead Plaintiff Deadline: July 11, 2016 Stock Update (NYSE:BA): DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against The Boeing Company (BA) and Lead Plaintiff Deadline April 22, 2016