Goldman Sachs Resumes HCP (HCP) at Neutral
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Price: $34.78 --0%
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
Rating Summary:
15 Buy, 20 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 22 | New: 20
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Goldman Sachs resumes coverage on HCP (NYSE: HCP) with a Neutral rating and $53 price target.
"Our model forecasts 70% AFFO growth through 2018 (slightly below our coverage universe average)," the analyst said. "Our AFFO growth rate is 23% above our FFO growth rate as we estimate cash growth in long-term leases will exceed that of GAAP."
For an analyst ratings summary and ratings history on HCP click here. For more ratings news on HCP click here.
Shares of HCP closed at $48.49 yesterday.
"Our model forecasts 70% AFFO growth through 2018 (slightly below our coverage universe average)," the analyst said. "Our AFFO growth rate is 23% above our FFO growth rate as we estimate cash growth in long-term leases will exceed that of GAAP."
For an analyst ratings summary and ratings history on HCP click here. For more ratings news on HCP click here.
Shares of HCP closed at $48.49 yesterday.
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