J.P. Morgan Adjusts HCP FFO Estimates
J.P. Morgan has adjusted HCP Inc's HCP FFO estimates after the being impacted by the recently revised guidance.
J.P. Morgan writes, "We adjust our 2011 and 2012 FFO estimates to $2.54 and $2.81/share from $2.49 and $2.84/share, respectively. Our revised 2011 estimate sits at the high end of recently revised guidance of $2.49 to $2.55/share. This guidance range includes the impact of about $0.13/share in estimated dilution related to net merger-related items."
HCP closed yesterday at $37.60.
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