introduction of HCP

1. Company Description
HCP, Inc. is a real estate investment trust which invests primarily in real
estate serving the healthcare industry in the U.S. The company acquires,
develops, leases, sells and manages healthcare real estate and provides
mortgage and other financing to healthcare providers. It operates through
five segments: Senior Housing, Medical Office, Life Science,
Post-Acute/Skilled Nursing and Hospital. The Senior Housing segment
includes independent living facilities, assisted living facilities and
continuing care retirement communities, which cater to different
segments of the elderly population based upon their needs. The Medical
Office segment includes pharmacies, hospital ancillary service spaceand
outpatient services such as diagnostic centers, rehabilitation clinics and
day-surgery operating rooms. These facilities are similar to commercial
office buildings as they require additional plumbing, electrical and
mechanical systems to accommodatemultiple exam rooms which may
require sinks in every room and special equipment such as x-ray
machines. The Life Science segment includes laboratory and office space
primarily for biotechnology and pharmaceutical companies, scientific
research institutions, government agencies and other organizations
involved in the life science industry. The Post-Acute/Skilled Nursing
segment offers restorative, rehabilitative and custodial nursing care. This
segment also provides services to residents beyond room and board and

2. includes occupational, physical, speech, respiratory and intravenous
therapy, wound care, oncology treatment, brain injury care and
orthopedic therapy as well as sales of pharmaceutical products and other
services. The Hospital segment includes acute care, long-term acute care
and specialty and rehabilitation hospitals. HCP was founded in March
1985 and is headquartered in Long Beach, CA.
Price history
Key Statistics
Valuation Measures
Market Cap (intraday)5: 16.67B
Enterprise Value (Sep 10, 2015)3: 28.06B
Trailing P/E (ttm, intraday): 45.72
Forward P/E (fye Dec 31, 2016)1: 11.12
PEG Ratio (5 yr expected)1: 3.34
Price/Sales (ttm): 6.99
Price/Book (mrq): 1.65
Enterprise Value/Revenue (ttm)3: 11.60
Enterprise Value/EBITDA (ttm)6: 15.58

3. Financial Highlights
Fiscal Year
Fiscal Year Ends: Dec 31
Most Recent Quarter (mrq): Jun 30, 2015
Profitability
Profit Margin (ttm): 15.24%
Operating Margin (ttm): 54.92%
Management Effectiveness
Return on Assets (ttm): 3.91%
Return on Equity (ttm): 3.54%
Income Statement
Revenue (ttm): 2.42B
Revenue Per Share (ttm): 5.26
Qtrly Revenue Growth (yoy): 13.30%
Gross Profit (ttm): 2.19B
EBITDA (ttm)6: 1.80B
Net Income Avl to Common (ttm): 366.92M
Diluted EPS (ttm): 0.79
Qtrly Earnings Growth (yoy): -24.70%
Balance Sheet
Total Cash (mrq): 115.77M
Total Cash Per Share (mrq): 0.25
Total Debt (mrq): 11.22B
Total Debt/Equity (mrq): 106.59
CurrentRatio (mrq): 16.05
Book Value Per Share (mrq): 22.13
Cash Flow Statement
Operating Cash Flow (ttm): 1.23B
Levered Free Cash Flow (ttm): 997.41
Analyst Opinion
Recommendation Summary*
Mean Recommendation (this week): 2.9

4. Mean Recommendation (lastweek): 2.9
Change: 0.0
* (Strong Buy) 1.0 - 5.0 (Sell)
Price Target Summary
Mean Target: 41.08
Median Target: 40.00
High Target: 45.00
Low Target: 38.50
No. of Brokers: 13
Options
The Dividend History
Date Dividends
2015/8/6 0.565
2015/5/7 0.565

5. 2015/2/5 0.565
2014/11/6 0.545
2014/8/7 0.545
2014/5/8 0.545
2014/2/6 0.545
2013/10/31 0.525
2013/8/1 0.525
2013/5/2 0.525
2013/1/31 0.525
2012/11/1 0.5
2012/8/2 0.5
2012/5/3 0.5
2012/2/2 0.5
2011/11/3 0.48
2011/8/4 0.48
2011/5/5 0.48
2011/2/8 0.48
2010/11/4 0.465
2010/8/5 0.465
2010/4/29 0.465
2010/2/9 0.465
2009/11/5 0.46
2009/8/4 0.46
2009/5/1 0.46
2009/2/5 0.46
2008/11/6 0.455
2008/8/7 0.455
2008/5/1 0.455
2008/2/5 0.455
2007/11/1 0.445
2007/8/2 0.445
2007/5/3 0.445
2007/2/1 0.445
2006/11/1 0.425
2006/8/3 0.425
2006/5/4 0.425
2006/2/9 0.425
2005/11/3 0.42
2005/8/4 0.42
2005/5/3 0.42
2005/2/3 0.42
2004/11/4 0.418
2004/8/2 0.418
2004/5/4 0.418

6. 2004/2/2 0.4175
2003/10/31 0.415
2003/7/31 0.415
2003/5/1 0.415
2003/2/4 0.415
2002/11/6 0.415
2002/8/1 0.41
2002/5/2 0.405
2002/1/31 0.4
2001/10/31 0.395
2001/8/1 0.39
2001/5/1 0.385
2001/2/1 0.38
2000/11/1 0.375
2000/8/1 0.37
2000/5/1 0.365
2000/2/1 0.36
1999/10/19 0.355
1999/7/29 0.35
1999/4/29 0.345
1999/2/1 0.34
1998/10/30 0.335
1998/7/30 0.33
1998/4/30 0.325
1998/2/5 0.32
1997/10/30 0.315
1997/7/31 0.31
1997/4/30 0.305
1997/1/30 0.3
1996/10/31 0.295
1996/7/31 0.29
1996/5/1 0.285
1996/2/1 0.28
1995/11/1 0.275
1995/8/1 0.27
1995/4/27 0.265
1995/1/17 0.26
1994/11/2 0.255
1994/7/28 0.25
1994/4/28 0.245
1994/1/28 0.24
1993/10/28 0.236
1993/7/28 0.2325
1993/4/27 0.2285

7. 1993/1/28 0.225
1992/10/28 0.221
1992/7/28 0.2175
1992/4/28 0.21375
1992/1/21 0.21
1991/10/28 0.20675
1991/7/30 0.20375
1991/4/29 0.2005
1991/1/30 0.1975
1990/10/29 0.19425
1990/7/30 0.19125
1990/4/30 0.188
1990/1/30 0.185
1989/10/30 0.18175
1989/7/28 0.17875
1989/4/26 0.04875
1989/4/3 0.12675
1989/1/26 0.1725
1988/10/26 0.16925
1988/7/26 0.16625
1988/4/28 0.163
1988/2/1 0.16