Before today's market open, the Irvine, Calif.-based real estate investment trust reported a net loss of $1.29 per share. Analysts were expecting earnings per share of 45 cents.
Revenue for the period was $668 million, which beat analysts' estimates for revenue of $614.3 million.
The company posted funds from operations for the quarter of $374.9 million, or 80 cents per share, which was higher than analysts' expectations for funds from operations of 78 cents per share.
Funds from operations is a closely followed metric in the REIT industry, which takes net income and adds back items such as depreciation and amortization, the Associated Press notes.
HCP invests in real estate serving the healthcare industry in the U.S.
Separately, TheStreet Ratings Team has a "Hold" rating with a grade of C+ on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins.
As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: HCP