We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Have you been eager to see how HCP Inc. (HCP - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Irvine, California-based healthcare real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
HCP came out with adjusted funds from operations ("FFO") of 74 cents per share, beating the Zacks Consensus Estimate of 70 cents.
Results were driven by better-than-expected growth in revenues.
How Was the Earnings Surprise Trend?
HCP has a decent earnings surprise history. Before posting a FFO beat in Q2, the company delivered a positive surprise in three out of prior four quarters and in-line result in the other occasion, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.95% in the trailing four quarters.
HCP posted revenues of $662.2 million, which beat the Zacks Consensus Estimate of $635.2 million. It also compared favorably with the year-ago number of $607.5 million.
Key Developments to Note
HCP announced $111 million of investment activities for the second quarter and through Aug 8, 2016, bringing year-to-date total investments to $475 million. Further, the company completed $282 million of dispositions during the second quarter.
HCP expects full-year 2016 adjusted FFO guidance for 2016 in a range of $2.83–$2.89. The company anticipates 2016 same property portfolio cash net operating income growth, excluding Quality Care Properties, Inc. ("QCP") (formerly HCP SpinCo, Inc.), in a range of 2.3–3.3%.
What Zacks Rank Says
HCP currently has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HCP earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HCP Inc. (HCP) Q2 FFO and Revenues Beat Estimates
Have you been eager to see how HCP Inc. (HCP - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Irvine, California-based healthcare real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
HCP came out with adjusted funds from operations ("FFO") of 74 cents per share, beating the Zacks Consensus Estimate of 70 cents.
Results were driven by better-than-expected growth in revenues.
How Was the Earnings Surprise Trend?
HCP has a decent earnings surprise history. Before posting a FFO beat in Q2, the company delivered a positive surprise in three out of prior four quarters and in-line result in the other occasion, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.95% in the trailing four quarters.
HCP INC Price and EPS Surprise
HCP INC Price and EPS Surprise | HCP INC Quote
Revenue Came Higher Than Expected
HCP posted revenues of $662.2 million, which beat the Zacks Consensus Estimate of $635.2 million. It also compared favorably with the year-ago number of $607.5 million.
Key Developments to Note
HCP announced $111 million of investment activities for the second quarter and through Aug 8, 2016, bringing year-to-date total investments to $475 million. Further, the company completed $282 million of dispositions during the second quarter.
HCP expects full-year 2016 adjusted FFO guidance for 2016 in a range of $2.83–$2.89. The company anticipates 2016 same property portfolio cash net operating income growth, excluding Quality Care Properties, Inc. ("QCP") (formerly HCP SpinCo, Inc.), in a range of 2.3–3.3%.
What Zacks Rank Says
HCP currently has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HCP earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>