Seeking Alpha

Disappointing guidance hits HCP

  • 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.
  • Press release
Comments (4)
  • huthutho
    , contributor
    Comments (240) | Send Message
     
    Buy on this dip!
    11 Feb, 10:43 AM Reply Like
  • theo_rhetoric
    , contributor
    Comments (150) | Send Message
     
    Go ahead foolish dog. It's not a dip but a re-evaluation of worth in a declining environment. Better to wait and see if the near-term bottom of 35-36 holds first.
    11 Feb, 10:58 AM Reply Like
  • huthutho
    , contributor
    Comments (240) | Send Message
     
    After re-evaluation, this dog thinks its a tasty dividend growth bone worth nibbling on again, and I will buy more at 35.50 if it gets there too.
    11 Feb, 01:08 PM Reply Like
  • theo_rhetoric
    , contributor
    Comments (150) | Send Message
     
    I bought an initial position back when the 10yr shot over 3. I probably won't add to HCP until later in the year if that happens again. I will also check FFO next couple of quarters. Patience will be rewarded but remember, "Being early is the same as being wrong". Good luck.
    12 Feb, 08:02 AM Reply Like
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