HCP has been the subject of several other reports. Zacks Investment Research lowered shares of HCP from a hold rating to a sell rating in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a hold rating and set a $33.00 target price on shares of HCP in a report on Tuesday, July 25th. BMO Capital Markets reaffirmed a hold rating and set a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a hold rating and set a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Finally, UBS AG lowered shares of HCP from a neutral rating to a sell rating and cut their target price for the company from $30.00 to $25.00 in a report on Monday, October 2nd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. HCP has a consensus rating of Hold and an average target price of $30.98.
HCP (HCP) remained flat at $26.36 during trading on Tuesday. The company had a trading volume of 2,036,941 shares. HCP has a 12 month low of $26.16 and a 12 month high of $33.67. The firm has a 50-day moving average price of $28.16 and a 200-day moving average price of $30.46. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 17.97 and a beta of 0.38.
HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million during the quarter, compared to analyst estimates of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities research analysts anticipate that HCP will post $1.34 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Peoples Financial Services CORP. boosted its stake in HCP by 4.0% during the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 125 shares during the last quarter. Sun Life Financial INC boosted its stake in HCP by 42,675.0% during the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 3,414 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in HCP by 252.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,525 shares during the last quarter. Advisory Services Network LLC boosted its stake in HCP by 4.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 150 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in HCP during the 2nd quarter worth $172,000. 89.58% of the stock is currently owned by institutional investors.
HCP Company Profile
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
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