Three Stocks in Concentration: HCP, Inc. (NYSE:HCP)


HCP, Inc. (NYSE:HCP) added 0.75% and closed its last session at $29.6. The stock has the market capitalization of $13.85 Billion with the total outstanding shares of 467.97 Million. HCP, Inc.. has Analysts’ Mean Recommendation of 3.11 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 36.86.

HCP, Inc. (NYSE:HCP) touched its 52-Week High of $36.82 on Sep 7, 2016 while it’s 52-Week Low of $22.87 on Feb 11, 2016. The company currently has Return on Assets of 3.2 percent, Return on Equity of 7.4% and Return on Investment of -0.5 percent. The stock currently showing Weekly Volatility of 2.21%% and Monthly Volatility of 2.99% Percent with Average True Range of 0.78 and Beta of 0.26.

The 13 analysts offering 12-month price forecasts for HCP Inc have a median target of 31.00, with a high estimate of 34.59 and a low estimate of 27.00. The median estimate represents a +4.73% increase from the last price of 29.60.

Press Release:

The Company on 28 November completed the spin-off (the “Spin-Off”) of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as certain other assets, into Quality Care Properties, Inc. (“QCP”).  HCP common stockholders on October 24, 2016, the record date for the Spin-Off (the “Record Date”), received one share of QCP common stock for every five shares of HCP common stock they held  (the “Distributed Shares”) and cash in lieu of fractional shares of QCP.  The following information only applies to holders of HCP common stock on the Record Date.

Tax Basis of Distributed QCP Stock

For U.S. federal income tax purposes, HCP intends to report that the fair market value of the QCP common stock distributed per each share of HCP common stock outstanding on the Record Date was approximately $6.17, or $30.85 for each share of QCP common stock.  Accordingly, every HCP common stockholder who received a Distributed Share will have a tax cost basis of $30.85 per Distributed Share.

Company Profile:

Health Care Property Investors, Inc. is a real estate investment trust. The company invests in health care related real estate located throughout the United States, including long-term care facilities, congregate care and assisted living facilities, acute care and rehabilitation hospitals, medical office buildings, physician group practice clinics and psychiatric facilities.