HCP, Inc. (NYSE:HCP)‘s stock had its “hold” rating restated by BMO Capital Markets in a note issued to investors on Wednesday, October 18th. They currently have a $28.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 4.32% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. BidaskClub raised shares of HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 target price on shares of HCP in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 target price on shares of HCP in a research note on Wednesday, July 5th. Bank of America Corporation cut shares of HCP from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $31.00 in a research note on Friday, September 22nd. Finally, Zacks Investment Research cut shares of HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and a consensus target price of $30.98.
Shares of HCP (HCP) traded down $0.30 during trading hours on Wednesday, reaching $26.84. 4,191,097 shares of the company were exchanged, compared to its average volume of 3,670,000. The company has a market capitalization of $12,630.00, a PE ratio of 13.18, a PEG ratio of 2.90 and a beta of 0.31. HCP has a 12-month low of $25.08 and a 12-month high of $33.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.61 and a quick ratio of 0.61.
HCP (NYSE:HCP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million during the quarter, compared to analyst estimates of $440.60 million. HCP had a net margin of 27.31% and a return on equity of 8.85%. The business’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. equities analysts anticipate that HCP will post 1.93 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of HCP. AXA lifted its stake in shares of HCP by 52.3% during the 1st quarter. AXA now owns 10,932 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 3,756 shares during the last quarter. Wellington Management Group LLP raised its stake in HCP by 34.9% in the 1st quarter. Wellington Management Group LLP now owns 252,598 shares of the real estate investment trust’s stock worth $7,902,000 after purchasing an additional 65,410 shares in the last quarter. FMR LLC raised its stake in HCP by 2.4% in the 1st quarter. FMR LLC now owns 214,161 shares of the real estate investment trust’s stock worth $6,699,000 after purchasing an additional 5,007 shares in the last quarter. Ngam Advisors L.P. acquired a new stake in HCP in the 1st quarter worth about $323,000. Finally, Cleararc Capital Inc. raised its stake in HCP by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 11,441 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 90.04% of the company’s stock.
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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