Health Care Property Investors Inc. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Health Care Property Investors, Inc. (NYSE:HCP) will unveil its latest earnings on Monday, October 31, 2011. HCP 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 profit of 67 cents per share, a rise of 24.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 13.9% versus last year to $2.54.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 77 cents per share versus a mean estimate of profit of 76 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $437.2 million in revenue this quarter, a rise of 64.1% from the year ago quarter. Analysts are forecasting total revenue of $1.6 billion for the year, a rise of 53.8% from last year’s revenue of $1.04 billion.

Analyst Ratings: Analysts seem relatively indifferent about Health Care Property Investors with 12 of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose more than twofold to $228.8 million (55 cents a share) from $85.1 million (27 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 63.6% to $496.2 million from $303.2 million.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 15.4%.

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 August 1, 2011 to October 25, 2011, the stock price had risen $3.61 (10.6%) from $34.16 to $37.77. 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) over that span. 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% (+$3.51) over that span. Shares are up $2.41 (+6.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.