HCP, Inc. (HCP) Downgraded by BidaskClub to Sell

HCP, Inc. (NYSE:HCP) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, July 27th.

Other equities analysts have also recently issued research reports about the stock. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) lowered shares of HCP from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $32.00 in a report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $31.00 price objective on shares of HCP in a report on Friday, July 14th. Mizuho restated a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Finally, Bank of America Corporation upgraded shares of HCP from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $33.25 to $35.00 in a report on Monday, April 3rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.42.

HCP (HCP) opened at 29.34 on Thursday. The firm’s 50 day moving average is $31.02 and its 200-day moving average is $31.25. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 20.00 and a beta of 0.37. HCP has a 12 month low of $27.61 and a 12 month high of $40.43.

HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, equities analysts forecast that HCP will post $1.36 EPS for the current year.

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In other news, insider Thomas Klaritch sold 2,651 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total value of $83,586.03. Following the sale, the insider now directly owns 176,830 shares of the company’s stock, valued at approximately $5,575,449.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in HCP. Peoples Financial Services CORP. increased its stake in shares of HCP by 4.0% in the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 125 shares during the period. Founders Capital Management purchased a new stake in shares of HCP during the first quarter valued at approximately $106,000. Sun Life Financial INC increased its stake in shares of HCP by 42,675.0% in the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,414 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of HCP by 252.5% in the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,525 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of HCP during the first quarter valued at approximately $114,000. 88.87% 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.

Analyst Recommendations for HCP (NYSE:HCP)

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