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Key Developments: HCP Inc (HCP.N)

HCP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tom Herzog to join HCP as executive VP and CFO
Thursday, 12 May 2016 04:52pm EDT 

Hcp Inc : Says herzog will replace HCP's outgoing executive vice president and CFO, Tim Schoen .Tom Herzog to join HCP as executive vice president and chief financial officer.  Full Article

HCP posts Q1 adjusted FFO per share $0.69
Monday, 9 May 2016 06:33am EDT 

Hcp Inc : HCP announces results for quarter ended March 31, 2016 and expands executive leadership team . Q1 adjusted FFO per share $0.69 . Q1 FFO per share $0.68 . Independent chairman Michael Mckee has been elected executive chairman and will become a member of HCP's executive team . Justin Hutchens has been promoted to an expanded role as chief investment officer . Q1 FFO per share view $0.69 -- Thomson Reuters I/B/E/S . Fy2016 FFO per share view $2.76 -- Thomson Reuters I/B/E/S . Sees for 2016. FFO as adjusted per share to range between $2.77 and $2.83 . Sees for 2016, FAD per share to range between $2.65 and $2.71 . Sees for 2016, EPS to range between $1.80 and $1.86 . Says expect 2016 spp cash NOI to increase between 1.5 pct and 2.5 pct . Board has approved to spin off HCRMC portfolio of skilled nursing and assisted living assets, as well as other skilled nursing facilities . Spin-off into an independent publicly-traded REIT .Sees FY 2016 FFO per share $2.76 to $2.82.  Full Article

HCP to spin off HCR Manorcare portfolio into publicly-traded REIT
Monday, 9 May 2016 06:30am EDT 

HCP Inc : To spin off HCR Manorcare portfolio into independent, publicly-traded REIT . Spun off company to apply to have its common stock authorized for listing on New York Stock Exchange . Upon completion of planned spin-off, HCP shareholders will receive shares of Spinco via a pro rata special distribution . Following completion of spin-off, HCP's portfolio is expected to consist of more than 860 properties . Number of HCP shares owned by each shareholder will not change as a result of distribution. . Mark Ordan joins HCP as senior advisor and will become CEO of spun off company upon completion of transaction . Transaction is expected to be a taxable distribution for U.S. income tax purposes .Spin-off distribution is generally expected to have the net effect of a tax-free return of capital.  Full Article

HCP Inc announces CFO transition
Monday, 28 Mar 2016 04:15pm EDT 

HCP Inc:Says Timothy Schoen, Executive Vice President and Chief Financial Officer, is leaving HCP to become President of BioMed Realty.Company has commenced process of recruiting a successor for Timothy Schoen.  Full Article

HCP declares increased quarterly cash dividend
Thursday, 28 Jan 2016 04:16pm EST 

HCP Inc:Says its Board of Directors declared an increased quarterly cash dividend of $0.575 per share.Says quarterly cash dividend will be paid on February 23, to stockholders of record as of the close of business on February 8, 2016.  Full Article

HCP, Inc prices $600 mln of 4.000% senior unsecured notes due 2022
Monday, 23 Nov 2015 04:56pm EST 

HCP, Inc:Prices $600 million of 4.000% senior unsecured notes due 2022.Says price to investors was 99.577% of the principal amount of the notes representing a yield-to-maturity of 4.070%.  Full Article

HCP Inc declares quarterly cash dividend on common stock
Thursday, 29 Oct 2015 04:15pm EDT 

HCP Inc:Declared a quarterly common stock cash dividend of $0.565 per share.Says dividend will be paid on November 24, 2015 to stockholders of record as of the close of business on November 9, 2015.  Full Article

HCP Inc raises FY 2015 earnings guidance
Tuesday, 4 Aug 2015 08:00am EDT 

HCP Inc:Raises FY 2015 per share guidance for FFO to $1.97 - $2.03.Sees FY 2015 FFO as adjusted to $3.14 - $3.20.Sees FY 2015 EPS to $0.75 - $0.81.  Full Article

HCP Inc declares quarterly dividend
Tuesday, 4 Aug 2015 08:00am EDT 

HCP Inc:Declares a quarterly cash dividend of $0.565 per common share.Says the dividend will be paid on Aug. 25 to stockholders of record as of the close of business on Aug. 10.  Full Article

HCP declares quarterly common stock cash dividend
Thursday, 30 Jul 2015 04:05pm EDT 

HCP Inc:Declares a quarterly common stock cash dividend of $0.565 per share.Payable of Aug. 25 to stockholders of record as of the close of business on Aug. 10.  Full Article

BRIEF-Tom Herzog to join HCP as executive VP and CFO

* Says herzog will replace HCP's outgoing executive vice president and CFO, Tim Schoen