UBS Cuts Price Target on HCP, Inc. (HCP) as HCR ManorCare (HCRMC) Faces Difficulties
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Go back to UBS Cuts Price Target on HCP, Inc. (HCP) as HCR ManorCare (HCRMC) Faces Difficulties
February 9, 2016 8:02 AM EST
IRVINE, Calif., Feb. 9, 2016 /PRNewswire/ --
FOURTH QUARTER 2015 AND RECENT HIGHLIGHTS
--   FFO as adjusted and FAD per share increased year-over-year by 1% to $0.80 and 2% to $0.67, respectively; FFO per share and EPS were ($0.99) and ($1.29), respectively (see "HCR ManorCare Update" on page 3)  --   Raised $1.1 billion from capital recycling and financing activities, including $600 million of 4.0% senior unsecured notes that paid down 36% of 2016 debt maturities --   Completed $208 million of investment transactions --   Leased 911,000 sq. ft. in our life science and medical office ("MOB") portfolios, bringing occupancy to 98.2% and 91.9%, respectively --   Pre-leased half of Phase I of The Cove life science development, and... More
