HCP Inc. increases quarterly dividend to 52.5c per share from 50c The annualized rate of distribution for 2013 is $2.10, compared with $2.00 for 2012, which represents a 5% increase. The quarterly cash dividend will be paid on February 19, 2013 to stockholders of record as of the close of business on February 4, 2013.
HCP downgraded at Morgan Stanley As previously reported, Morgan Stanley downgraded HCP (HCP) to Equal Weight from Overweight. The analyst said improving rent coverage at its largest tenant, HCR Manor Care, has been pushed out to 2016 and believes shares lack near-term catalysts. Price target lowered to $45 from $50.