HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments. It engages in acquisition, development, leasing, selling and managing of healthcare real estate and provides mortgage and other financing to healthcare providers. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Berkshire Hathaway Index, and MSCI REIT Index. HCP, Inc. was formed in 1985 and is based in Irvine, California with additional office in Nashville and San Francisco.
HCP is a Dividend Champions with an 30 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 3.8, 4.3, 3.4 and 2.7. (DividendChampions.xls) HCP Inc. now pays dividends of $0.565 per share normally in February, May, August and November.
If you are interested, you can read good analysis of the HCP here:
HCP Inc (HCP) A High Yield REIT Play on Healthcare by Dividend Growth Investor
My Dividend Pipeline increased the HCP's share of his portfolio at the same day as I made my first purchase of it.
Some ratings for HCP:
Yahoo: Mean Recommendation 3.1, 1y Target Est $43.96
Reuters: Mean Rating 3.00
Zacks Rank: 3-Hold
At today's exchange rate, this purchase 45 shares of HCP will increase €67.35 ($75.77) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €8990.00. With purchase price $41.07 plus commission ($5.00) my starting yield on cost is 5.49%.
REITs now represent about 5.8% of my total portfolio.
Click here to see my portfolio.
Full Disclosure: Long HCP