Shares of HCP, Inc. (NYSE:HCP) have received an average recommendation of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.90.
A number of analysts have recently weighed in on HCP shares. Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 price objective on shares of HCP in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and issued a $31.00 price objective on shares of HCP in a research report on Friday, July 14th. Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) lowered HCP from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $32.00 in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $33.00 target price on shares of HCP in a research note on Tuesday, July 25th.
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HCP (NYSE:HCP) traded up 1.43% during midday trading on Thursday, hitting $25.57. 3,767,007 shares of the stock were exchanged. The company has a 50 day moving average price of $27.48 and a 200 day moving average price of $30.22. HCP has a one year low of $25.08 and a one year high of $34.46. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 20.13 and a beta of 0.38.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities analysts anticipate that HCP will post $1.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.79%. HCP’s payout ratio is currently 102.07%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Peoples Financial Services CORP. raised its stake in shares of 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 valued at $104,000 after buying an additional 125 shares during the last quarter. Sun Life Financial INC raised its stake in shares of 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 valued at $109,000 after buying an additional 3,414 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of 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 valued at $113,000 after buying an additional 2,525 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of 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 valued at $121,000 after buying an additional 150 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in shares of HCP during the 2nd quarter valued at about $172,000. Institutional investors and hedge funds own 89.49% 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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