HCP Inc. Earnings Cheat Sheet: FFO Rises

S&P 500 (NYSE:SPY) component HCP Inc. (NYSE:HCP) reported its results for the fourth quarter. HCP is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

HCP Earnings Cheat Sheet for the Fourth Quarter

Results: The company’s funds from operations (FFO) rose 4.7% from the year earlier quarter to 67 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It fell short of the consensus estimate of 68 cents per share.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 68 cents a share to 69 cents over the last ninety days. The average estimate for the fiscal year has risen to $2.55 per share from $2.53 in the past month.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Are Big Banks Laughing at Job Applicants?

Warren Buffett Trashes Gold, But What About Silver?

Exclusive James Rickards Interview: Gold is the Answer to Currency Wars

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com