HCP, Inc. (NYSE:HCP) Given Price Target Of $35.428


As per HCP, Inc. (NYSE:HCP)’s news release on 2016-07-29, its shareholders will get cash dividend of $0.575 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-08 and 2016-08-23, respectively.

The stock will commence trading ex-dividend from 2016-08-04, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year HCP, Inc. (NYSE:HCP) disbursed $0.575 in dividend compared to distribution of $0.575, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 3.6697%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated HCP, Inc. (NYSE:HCP) to attain a price target of $35.428. It is an average estimate figure given by 7 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $43. The low price range is set at $32 for next year while the arithmetic mean is seen at 3.53.

Eyeing Earnings HCP, Inc. (NYSE:HCP) is likely to post quarterly numbers around 2016-11-01 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.72 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, HCP, Inc. (NYSE:HCP) earnings came at $0.74 suggesting a deviation of $0.04. The brokerages targeted EPS of $0.7 for the quarter.

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