Friday, May 1, 2015

Recent Buy - HCP Inc. (HCP)

29th April 2015 I Bought 45 shares of HCP at $41.07 per share plus commission.



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
    Morningstar:  (****)

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


 
 

18 comments:

  1. ANHAMay 1, 2015 at 1:56 PM

    Any thoughts on http://seekingalpha.com/article/3101396-hcp-inc-this-problem-just-got-bigger
    Let's hope it goes down more so we can buy some more :)

    cheers

    ReplyDelete
    Replies
    1. DividendHawkMay 1, 2015 at 2:47 PM

      Moi ANHA
      "Buy when the blood is in the streets" it is my thoughts :)

      Cheers,
      DH

      Delete
    2. Dividend Growth InvestorMay 1, 2015 at 8:32 PM

      HCP is a nice REIT. A long streak of dividend increases is rare for REITs.

      Thanks for including my analysis!

      DGI

      Delete
    3. DividendHawkMay 2, 2015 at 10:51 AM

      Hi DGI

      HCP has been on my watch list over 1 year, finally now I added it to my portfolio. Your analysis is always great ones and easy to read, keep up the good work!

      Thanks for stopping by!
      DH

      Delete
  2. IsomahamiesMay 1, 2015 at 2:29 PM

    Onnittelut ostoksesta. Hauska huomata, että muutkin DGI:t ovat samoilla suunnilla operoimassa kuin mitä itse olen pohtinut. Itsellä OHI ja HCP tarkkailussa.

    Hauskaa Vappua!

    ReplyDelete
    Replies
    1. DividendHawkMay 1, 2015 at 2:50 PM

      Moi

      Korot kun nousee, REITit laskee, mielestäni tarjoaa ostopaikan, vaikkakin todennäköisesti tulevat laskemaan vielä enemmmän. Otin kuitenkin pienen siivun jo nyt tarkoituksena lisätä myöhemmin.

      Kiitos, samoin sinulle,
      DH

      Delete
  3. DivindependenciaMay 1, 2015 at 3:18 PM

    Nice buy DH!!

    HCP is one of the companies which I have on my radar, but now I'm trying to add some UK companies to my porfolio.

    What do you think about National Grid or Vodafone? Do you like this companies for dividend investing?

    Best regards,
    Divindependencia.

    ReplyDelete
    Replies
    1. DividendHawkMay 1, 2015 at 3:36 PM

      Hola Divindependencia

      Thanks, unfortunately I don't know National Grid and Vodafone at all, but I suppose those are okay additions.

      Thanks for stopping by!

      Delete
  4. Roadmap2RetireMay 1, 2015 at 5:14 PM

    Congrats on the purchase. A great buy at these price.

    R2R

    ReplyDelete
    Replies
    1. DividendHawkMay 1, 2015 at 5:57 PM

      Hi R2R

      Thank you! Let's wait, if it drops more, then I hope to be able to pick some more of it.

      Thanks for stopping by!
      DH

      Delete
  5. AnonymousMay 1, 2015 at 6:40 PM

    Congrats on your new purchase of HCP. I initiated IBM shares today.

    ReplyDelete
    Replies
    1. DividendHawkMay 2, 2015 at 10:52 AM

      Hi dividendsamurai

      Thank you. You surely will enjoy the dividends of IBM for a long time.

      Thanks for visiting!
      DH

      Delete
  6. OsinkokuningasMay 1, 2015 at 7:35 PM

    Hyvä ostos, itseltä tätä löytyykin jo salkusta.

    ReplyDelete
    Replies
    1. DividendHawkMay 2, 2015 at 10:53 AM

      Moi

      Kiitos, sun salkku on niin laaja, että olisi melkoinen ihme, jos HCP puuttuisi! :)

      Kiitos vierailusta!
      DH

      Delete
  7. A Frugal Family's JourneyMay 2, 2015 at 6:51 AM

    Nice buy DH...you got in a great price. We've have our eye on HCP too and might just pull the trigger soon. We don't currently own any shares but would certainly love to be a fellow shareholder. :) AFFJ

    ReplyDelete
    Replies
    1. DividendHawkMay 2, 2015 at 10:54 AM

      Hi AFFJ

      Thanks. This was my first purchase of HCP, finally I pushed the buy button, hopefully I’m able to add some more, if the price will go down.

      Thanks for stopping by!
      DH

      Delete
  8. FrugalitytoFinancialFreedomMay 2, 2015 at 6:56 AM

    I love the buys here, I recently added HCP in my existing position and just recently OHI, seems like we are buying same stocks lately with quality health care REIT that complement each other.

    ReplyDelete
    Replies
    1. DividendHawkMay 2, 2015 at 10:55 AM

      Hi FFF

      It's always more confidence when others are involved, if the ship begins to sink! :)

      Thanks for visiting!
      DH

      Delete