Health Care Property Investors, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Health Care Property Investors, Inc. (NYSE:HCP) will unveil its latest earnings on Tuesday, August 2, 2011. HCP, Inc. is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.

Health Care Property Investors, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 76 cents per share, a rise of 38.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 72 cents. Between one and three months ago, the average estimate moved up, and has risen from 75 cents during the last month. For the year, analysts are projecting profit of $2.50 per share, a rise of 12.1% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 56 cents per share against a mean estimate of profit of 46 cents, and the quarter before, the company exceeded forecasts by 5 cents with net income of 64 cents versus a mean estimate of profit of 59 cents.

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Wall St. Revenue Expectations: On average, analysts predict $458.2 million in revenue this quarter, a rise of 80.7% from the year ago quarter. Analysts are forecasting total revenue of $1.67 billion for the year, a rise of 60.6% from last year’s revenue of $1.04 billion.

Analyst Ratings: Analysts seem relatively indifferent about Health Care Property Investors with 12 of 18 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 15.4% to $342 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 10.6%.

Competitors to Watch: LTC Properties, Inc. (NYSE:LTC), Omega Healthcare Investors, Inc. (NYSE:OHI), National Health Investors Inc (NYSE:NHI), Medical Properties Trust, Inc. (NYSE:MPW), Healthcare Realty Trust Inc. (NYSE:HR), Health Care REIT, Inc. (NYSE:HCN), Senior Housing Properties Trust (NYSE:SNH), Universal Health Realty Income Trust (NYSE:UHT), Ventas, Inc. (NYSE:VTR), and Nationwide Health Properties Inc. (NYSE:NHP).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $2.66 (-6.8%) from $39.27 to $36.61. The stock price saw one of its best stretches over the last year between December 9, 2010 and December 22, 2010 when shares rose for 10-straight days, rising 11.3% (+$3.56) over that span. It saw one of its worst periods between April 4, 2011 and April 13, 2011 when shares fell for eight-straight days, falling 2.7% (-$1.02) over that span. Shares are up 75 cents (+2.1%) year to date.

(Source: Xignite Financials)

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