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HCP Inc.: More Expensive Than The Competition

After reading an increasing number of comments on my real estate investment trust (REIT) articles discussing extreme valuations in the sector, I decided to look at the history of a few REITs to get a feel for the issue. This time around I'm looking at HCP, Inc. (NYSE:HCP) to see how it compares to Ventas, Inc. (NYSE:VTR), a similar healthcare REIT I just wrote…