StockCall Insight Into Health Care REIT and HCP Inc.: Health Care REIT Sector to be Remain Stable
25 Feb, 2013, 12:30 GMT
LONDON, February 25, 2013 /PRNewswire/ --
With the U.S. economy showing significant signs of improving and the Affordable Care Act (ACA) to be implemented, the Health Care REIT sector is expected to remain stable. Implementation of ACA would have a profound impact on the health care industry in United States. ACA would enable increased demand since a significant uninsured population and the baby boomers would be eligible for medical care services. This will benefit the industry players including Health Care REIT Inc. (NYSE: HCN) and HCP Inc. (NYSE: HCP). StockCall has issued technical analysis and charting reports on Health Care REIT and HCP Inc. Download these free reports now at
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Health Care REIT Inc. announces fourth quarter dividend, completion of acquisition
Health Care REIT Inc. is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate and provides an extensive array of property management and development services. The company declared a cash dividend for the quarter ended December 31, 2012 of $0.765 per share, making it the company's 167th consecutive quarterly dividend payment. The fourth quarter results are to be announced later this week. Download the free research on Health Care REIT today by registering at
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Earlier, Health Care REIT Inc. announced that it had closed a $2.75 billion unsecured credit facility consisting of a $2.25 billion revolver and a $500 million term loan to be funded today. The facility replaces the company's existing $2.0 billion unsecured revolving credit facility.
The company also announced the completion of the acquisition of the Sunrise Senior Living Inc. property portfolio, the sale of the Sunrise management company, and the acceleration of all planned joint venture partner buy-outs.
"Rapid and efficient execution of a complex acquisition, accelerated joint venture buy-outs at accretive prices, and the favorable sale of the management company has positioned us with the premier seniors housing portfolio in the market place at a price that generates very attractive risk adjusted returns for our shareholders," commented S George L. Chapman, Chairman and CEO of Health Care REIT Inc.
HCP Inc. announced fourth quarter and full year 2012 results
HCP Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. For fourth quarter, the company's Fund from Operations (FFO) per share increased to $0.71 while Earnings per share (EPS) increased to $0.53. During the quarter, HCP Inc. closed the acquisition of a $1.7 billion senior housing portfolio of 129 communities and funded a related $52 million secured loan. It also completed an additional $141 million of investment transactions, including two MOBs related to previously announced Boyer MOB acquisition. The company announced a quarterly cash dividend of $0.525 per common share. Sign up and have access to our free report on HCP Inc. at
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For full year 2012, the company's Fund from Operations (FFO) per share increased to $2.72 while Earnings per share (EPS) increased to $1.90. During the year, HCP Inc. completed $2.4 billion of acquisitions representing four of our five property sectors. It raised $3.5 billion of debt and equity capital to fund accretive acquisitions and retired $1 billion of higher coupon debt.
For 2013, the company provided guidance for FFO of $2.92 to $2.98 per share and EPS of $1.95 to $2.01.
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