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News Breaks
January 10, 2013
07:47 EDTHCPHCP Inc. upgraded to Hold from Underweight at KeyBanc
KeyBanc upgraded HCP Inc based on valuation and an improving outlook for its skilled nursing and senior portfolios.
News For HCP From The Last 14 Days
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February 9, 2016
12:18 EDTHCPOn The Fly: Top stock stories at midday
Stocks have moved in a fairly wide range, with the Dow beginning the session with triple digit losses, moving briefly into positive territory, and now hovering near the flat line. Oil prices continue to dictate the equity market's direction, as each move of oil prices toward the plus side is followed by a subsequently positive move for stocks. With oil back below $30 per barrel, the major averages have found it hard to maintain any upward momentum. ECONOMIC EVENTS: In the U.S., wholesale sales dipped 0.3% in December, while inventories fell 0.1%. The Labor Department's Job Openings and Labor Turnover Survey showed job openings rose 261,000 in December to about 5.61M. In Asia, most major markets remain closed for Chinese New Year, but one of the exceptions, Japan, saw its main indexes plunge, as the Nikkei dropped 5.4% and the Topix fell 5.5%. COMPANY NEWS: Class A shares of 21st Century Fox (FOXA) declined 3% after the company reported lower than expected second quarter revenue, while peer Viacom (VIAB) tumbled 15% following its own revenue miss. The results of the two media conglomerates weighed on the largest name in the space, Disney (DIS), which fell 1% near noon ahead of its own earnings report, which is due after the closing bell today. MAJOR MOVERS: Among the notable gainers was Salesforce (CRM), which rose 5% after it was upgraded to Hold from Underperform at Jefferies. Also higher was Boston Scientific (BSX), which gained 4% after it announced that Medicare will cover its Watchman LAAC device. In addition, Belden (BDC) and Goodyear Tire (GT) were up 20% and 5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was ITC Holdings (ITC), which fell 2% after it agreed to be acquired by Fortis in a cash and stock deal valued at $11.3B. Also lower were Plains All American (PAA), Bristow Group (BRS) and HCP (HCP), which were down 14%, 24%, and 15%, respectively, after reporting quarterly earnings. INDEXES: Near midday, the Dow was down 75.85, or 0.47%, to 15,951.20, the Nasdaq was down 16.69, or 0.39%, to 4,267.06, and the S&P 500 was down 8.08, or 0.44%, to 1,845.36.
12:16 EDTHCPHCP says has retained Barclays Capital to explore options for HCR ManorCare
Says has retained Barclays Capital as a financial advisor for HCR ManorCare to explore options. Comments taken from the Q4 earnings conference call. HCP is down 15.33% to $28.78 in midday trading.
08:06 EDTHCPHCP sees FY16 FFO $2.74-$2.80, consensus $3.14
Sees FY16 FAD per share of $2.62-$2.68, and EPS of $1.49-$1.55. Sees FY16 Same Property Performance Cash Net Operating Income up of 1.5% - 2.5%; excluding HCRMC, SPP Cash NOI growth of 2.3% - 3.3%, led by life science portfolio.
08:03 EDTHCPHCP reports Q4 adj. FFO 80c, consensus 78c
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January 28, 2016
16:27 EDTHCPHCP raises quarterly dividend to 57.5c per share from 56.5c per share
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