HCP, Inc. – HCP
<B>HCP, Inc.</B> (<a href=http://www.zacks.com/stock/quote/HCP>HCP</a>) continues to raise cash through asset sales and equity issuance. <P ALIGN="left"> The company has done a successful job of delevering and strengthening the balance sheet. With nearly $1.4 billion available on its credit facility, the company has adequate capital to address 2009 and 2010 debt maturities. <P ALIGN="left"> We continue our Buy rating. We think healthcare will continue to outperform other REIT sectors in 2009. <P ALIGN="left"> The yield is still over 8% and is being covered with operating cash. The current payout is safe, and think HCP is one of the best positioned names. <P ALIGN="left">
July 29, 2009 | Filed Under Stock Picks
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