Disappointing guidance hits HCP

|By:, SA News Editor

HCP (HCP -2.8%) is lower in early action after beating earnings estimates, but guiding for FY2014 FFO of $2.96-$3.02 vs. consensus of $3.04.

Q4 2013 adjusted FFO was $0.76 per share, up 6% from a year ago. FY2013 FFO of $3.01 gained 8% from 2012.