Several other research firms have also weighed in on HCP. BidaskClub upgraded shares of HCP from a hold rating to a buy rating in a research note on Wednesday, June 21st. Mizuho restated a neutral rating on shares of HCP in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a hold rating and issued a $31.00 price target on shares of HCP in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of HCP from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, Stifel Nicolaus restated a hold rating and issued a $31.00 price target on shares of HCP in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. HCP has an average rating of Hold and a consensus price target of $30.98.
HCP (NYSE:HCP) remained flat at $26.36 during mid-day trading on Tuesday. The stock had a trading volume of 2,047,129 shares. HCP has a 52-week low of $26.11 and a 52-week high of $33.67. The stock has a market capitalization of $12.36 billion, a PE ratio of 17.97 and a beta of 0.38. The stock has a 50 day moving average of $28.06 and a 200 day moving average of $30.43.
HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million for 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%. HCP’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities research analysts forecast that HCP will post $1.34 EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of HCP. AXA boosted its holdings in shares of HCP by 52.3% in the first quarter. AXA now owns 10,932 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 3,756 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of HCP by 34.9% in the first quarter. Wellington Management Group LLP now owns 252,598 shares of the real estate investment trust’s stock valued at $7,902,000 after acquiring an additional 65,410 shares in the last quarter. FMR LLC boosted its holdings in shares of HCP by 2.4% in the first quarter. FMR LLC now owns 214,161 shares of the real estate investment trust’s stock valued at $6,699,000 after acquiring an additional 5,007 shares in the last quarter. Ngam Advisors L.P. bought a new position in shares of HCP in the first quarter valued at approximately $323,000. Finally, Cleararc Capital Inc. boosted its holdings in shares of HCP by 0.7% in the first quarter. Cleararc Capital Inc. now owns 11,441 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 85 shares in the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.
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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