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Fly News Breaks for June 11, 2015
HCP
Jun 11, 2015 | 08:56 EDT
Argus cut its price target on HCP after the company agreed to lower the rent it receives from one of its largest operators, HCR ManorCare. However, Argus is encouraged by the continued growth of the same-property net operating income of the remainder of HCP assets. It expects the company's earnings growth to accelerate going forward. Argus keeps a Buy rating on the shares.