HCP, Inc. (HCP) Reports In-Line Q1 EPS
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Jefferies Upgrades HCP (HCP) to Hold
May 10, 2016 7:11 AM EDTJefferies upgraded HCP (NYSE: HCP) from Underperform to Hold with a price target of $32.00 (from $25.00).
Analyst Omotayo Okusanya commented, "We are upgrading HCP to Hold from Underperform based on news that HCP will be spinning off its underperforming ManorCare SNF... More
HCP, Inc. (HCP) Will Spinoff HCR ManorCare into Publicly-Traded REIT
May 9, 2016 6:30 AM EDTHCP (NYSE: HCP) announced that the Company's Board of Directors has unanimously approved a plan to spin off its HCR ManorCare ("HCRMC") portfolio of skilled nursing ("SNF") and assisted living assets, as well as other skilled nursing assets, into an independent, publicly-traded REIT ("SpinCo").
The spin-off transaction will enable HCP to improve its portfolio quality and increase its focus on core growth businesses Senior Housing, Life Science and Medical Office that consist of a diversified group of leading operators and tenants primarily within the private-pay sector. Following the completion of the spin-off, HCP's... More
HCP to spin off skilled nursing, assisted living assets into REIT
May 9, 2016 6:25 AM EDT(Reuters) - HCP Inc (NYSE: HCP), a real estate investment trust (REIT) focused on healthcare, said it would spin off its skilled nursing and assisted living properties into a publicly-traded REIT.
HCP said the spinoff would allow it to focus on its core... More
