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HCP Inc (HCP)

HCP on New York Consolidated

32.04USD
25 Apr 2017
Change (% chg)

$0.03 (+0.09%)
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Latest Key Developments (Source: Significant Developments)

Justin Hutchens to leave HCP to become CEO of UK-based operator HC-One
Monday, 3 Apr 2017 08:30am EDT 

HCP Inc : Justin Hutchens to leave HCP to become chief executive officer of UK-based operator HC-One .HCP Inc - Hutchens will remain in current role at HCP through June 1 to ensure smooth transition of duties, to assist with HCP's Q1 earnings announcement.  Full Article

Peter Scott to join HCP as CFO
Monday, 23 Jan 2017 08:55am EST 

Hcp Inc : Peter Scott to join HCP as executive vice president and chief financial officer . HCP Inc- Scott succeeds Tom Herzog who was appointed chief executive officer in January 2017 .HCP Inc - Scott currently serves as a managing director in real estate banking group at Barclays.  Full Article

HCP announces Tom Herzog as CEO
Tuesday, 3 Jan 2017 05:07pm EST 

HCP Inc : HCP announces elections of Tom Herzog as CEO and as a member of the board and Justin Hutchens as president . HCP Inc says board also elected Justin Hutchens as president . Both elections were effective January 1, 2017 .HCP has retained Korn Ferry, a leading global executive recruiting firm, which has already initiated a search for a new CFO.  Full Article

HCP board approves spin-off of Quality Care Properties Inc
Thursday, 13 Oct 2016 04:15pm EDT 

Hcp Inc : board of directors approves spin-off of Quality Care Properties, Inc. . spin-off to be effected through pro rata distribution of shares of QCP to HCP's stockholders of record as of close of business on october 24 . following spin-off, HCP will continue to be listed on new york stock exchange under symbol "HCP" . each HCP stockholder will receive one share of QCP common stock for every five shares of HCP common stock held on record date .following spin-off, QCP will list its common stock on nyse under symbol "QCP.".  Full Article

HCP Q2 FFO per share $0.71
Tuesday, 9 Aug 2016 08:00am EDT 

Hcp Inc : Q2 FFO per share $0.71 . Hcp announces results for quarter ended june 30, 2016 . Sees fy 2016 FFO per share $2.72 to $2.78 . Quarterly adjusted FFO per share $0.74 . Hcp inc sees for full year 2016 eps to range between $1.83 and $1.89 . Qtrly fad per share $0.72 . Fy2016 FFO per share view $2.78 -- Thomson Reuters I/B/E/S . For full year 2016, expect to generate approximately $1.25 billion of proceeds from dispositions and RIDEA II transaction . Hcp inc sees for full year 2016 ffo as adjusted per share to range between $2.83 and $2.89 . Sees fy 2016 fad per share to range between $2.68 and $2.74 . Expect 2016 spp cash noi to increase between 1.5% and 2.5% . Excluding qcp, expect 2016 spp cash noi to increase between 2.3% and 3.3% . Q2 FFO per share view $0.70 -- Thomson Reuters I/B/E/S . Hcp Inc qtrly total revenue $662.2 million versus $607.5 million last year .Q2 revenue view $635.1 million -- Thomson Reuters I/B/E/S.  Full Article

HCP expects REIT spin-off to be completed in second half of 2016
Friday, 17 Jun 2016 08:04am EDT 

HCP : Expects that spin-off will be completed in second half of 2016. .Announces Filing Of Form 10 Registration Statement For HCP Spinco, Inc., A Spin Off of HCR ManorCare portfolio into independent, publicly-traded REIT.  Full Article

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

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BRIEF-Justin Hutchens to leave HCP to become CEO of UK-based operator HC-One

* Justin Hutchens to leave HCP to become chief executive officer of UK-based operator HC-One