A director at Hashicorp Inc sold 35,903 shares at 33.582USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Rating Action: Moody's assigns P-2 rating to HCP's new commercial paper program and affirms existing ratings. Global Credit Research- 18 Sep 2019. New York, September 18, 2019-- Moody's Investors Service has assigned a Prime-2 short-term rating to HCP, Inc's $1 billion senior unsecured commercial paper program in the U.S.
Deterioration beneath the surface In last week's Compass we highlighted several cyclical areas of the market that were at or near support - areas we often look to in order to gauge risk sentiment. We posited that if support levels hold we could be looking at a pullback similar to that of May, but that breakdowns would likely lead to a deeper correction similar to October and/or December of 2018. Support levels held for the majority of these cyclical areas of the market, but not all. Below we hi...
Key Points: • A number of Consumer Discretionary names continue to have bullish technical. (ex. BLD, DNKN, MCD, CHUY, SAH, and ABG. • A few Market/Exchange related names continue to be leadership. (ex. LM, CME, ICE, and CBOE) • A few housing supply related names continue to be leadership. (ex. TREX, MAS, UFPI, and MTZ)
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of HCP, Inc.. Global Credit Research- 25 Jul 2019. New York, July 25, 2019-- Moody's Investors Service has completed a periodic review of the ratings of HCP, Inc. and other ratings that are associated with the same analytical unit.
Key Points: • Gold is staging a massive breakout above the $1360 level. Major H&S bottoms can be seen across the group (ex, NEM, RGLD) • Energy related names are attempting to carve out reversals. We prefer the names that held up well during the Crude oil decline. (ex. HLX, PUMP, FTI, CKH, PSX) • A number of Biotech names are breaking out of bases and reflect RS leadership. (ex. OMCL, RGEN, INCY, and ANIP)
Key Points: • Gold appears to be developing a potential head-and-shoulders bottom. A break above the $128 level would be very bullish. (ex. GLD and GDX) • A number of restaurants are bullishly inflecting, trending up and to the right. (ex. JACK, DIN, SHAK, and YUM) • REIT's continue to be leadership (ex. PSB, HCP, HR, WELL, ARE, ESS, MAA, AMT, CCI, and SBAC)
Key Points: • Defensive areas of the market such as Utilities and REITs are breaking out. (ex. WELL, VTR, AIV, CPT, MAA, AVB, PSA, EQIX, ES, and XEL) • Consumer Staples continues to have a number of attractive names. (ex. GIS, CPB, FLO, KO, PM, CHD, CL, and PG) • The Healthcare Sector has a number of names with improving RS. (ex. MDT, IDXX, MDCO, JNJ, and MRK)
The top healthcare real estate stands to benefit disproportionately from the Affordable Care Act. With an increased focus on higher-quality care being performed in lower-cost settings, the best owners and operators in the industry, which can provide better outcomes while driving greater efficiencies, should see demand funneled to them from the best healthcare systems. Additionally, the baby boomer generation is starting to enter its senior years, and the 80-plus population, an age range that spe...
While HCP outperformed our expectations for a few segments in the first quarter, the company's overall performance was in line with our estimates. Therefore, we don't anticipate making any significant changes to our $29.50 fair value estimate for the no-moat company. Cash net operating income growth for the total same-store portfolio was up 3.0% in the first quarter, ahead of our 1.2% assumption. The company's outperformance came from the medical office portfolio (up 4.2% compared with our 3.3% ...
While HCP outperformed our expectations for a few segments in the first quarter, the company's overall performance was in line with our estimates. Therefore, we don't anticipate making any significant changes to our $29.50 fair value estimate for the no-moat company. Cash net operating income growth for the total same-store portfolio was up 3.0% in the first quarter, ahead of our 1.2% assumption. The company's outperformance came from the medical office portfolio (up 4.2% compared with our 3.3% ...
While HCP outperformed our expectations for a few segments in the first quarter, the company's overall performance was in line with our estimates. Therefore, we don't anticipate making any significant changes to our $29.50 fair value estimate for the no-moat company. Cash net operating income growth for the total same-store portfolio was up 3.0% in the first quarter, ahead of our 1.2% assumption. The company's outperformance came from the medical office portfolio (up 4.2% compared with our 3.3% ...
APD currently trades near historical highs relative to UAFRS-based (Uniform) Assets, with a 2.2x Uniform P/B. At these levels, the market is pricing in expectations for Uniform ROA to expand from 6% in 2018 to record highs of 11% through 2023, accompanied by immaterial Uniform Asset growth going forward. Analysts also have bullish expectations for the firm, projecting Uniform ROA to increase to 8% through 2020, accompanied by 2% Uniform Asset growth. However, management appears to have concerns ...
The top healthcare real estate stands to benefit disproportionately from the Affordable Care Act. With an increased focus on higher-quality care being performed in lower-cost settings, the best owners and operators in the industry, which can provide better outcomes while driving greater efficiencies, should see demand funneled to them from the best healthcare systems. Additionally, the baby boomer generation is starting to enter its senior years, and the 80-plus population, an age range that spe...
Another mixed quarter for no-moat HCP leads us to conclude that we won't change our $27 fair value estimate when we incorporate the fourth quarter into our model. Same-store net operating income growth for the total portfolio again beat our estimate with the company's 1.5% result coming in ahead of our 0.9% estimate. On the positive side, the triple-net portfolio came in well ahead of us with 2.5% growth in the fourth quarter and the life science portfolio bounced back earlier than we expected w...
Another mixed quarter for no-moat HCP leads us to conclude that we won't change our $27 fair value estimate when we incorporate the fourth quarter into our model. Same-store net operating income growth for the total portfolio again beat our estimate with the company's 1.5% result coming in ahead of our 0.9% estimate. On the positive side, the triple-net portfolio came in well ahead of us with 2.5% growth in the fourth quarter and the life science portfolio bounced back earlier than we expected w...
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