HCP Inc is one of the largest healthcare REITs and facilities include hospitals, skilled nursing, senior housing, medical offices, and life sciences buildings. HCP Inc went public in 1985 with just 24 skilled nursing facilities in its portfolio and a market cap of $90M. The company has grown over the past 30 years to 1196 properties – which includes 478 Senior Housing Facilities, 20 Hospitals, 115 Life Sciences buildings, 301 Post-Acute/Skilled Property, and 282 Medical Office Buildings.
HCP sports an impressive 6.05% yield. The company is a dividend champion and has raised dividends for 30 consecutive years, with a 5-yr dividend growth rate of 3.4%. The company has had its fair share of issues – from an ousted CEO to financial issues and lease renegotiation with its largest tenant. Is it safe to buy as the company looks to the future for continued investment for growth in US and Europe?