HCP, Inc. (NYSE:HCP) has been given an average rating of “Hold” by the nineteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $30.36.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. raised shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research note on Friday, December 15th. ValuEngine lowered shares of HCP from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Mizuho raised shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus cut their target price on shares of HCP from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sun Life Financial INC lifted its position 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 valued at $109,000 after acquiring an additional 3,414 shares during the period. Advisory Services Network LLC lifted its position 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 valued at $121,000 after acquiring an additional 150 shares during the period. Fieldpoint Private Securities LLC purchased a new position in HCP during the 3rd quarter valued at about $147,000. Penserra Capital Management LLC purchased a new position in HCP during the 3rd quarter valued at about $163,000. Finally, Cetera Investment Advisers purchased a new position in HCP during the 2nd quarter valued at about $208,000. 89.88% of the stock is owned by institutional investors.
HCP (NYSE:HCP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $454.00 million for 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 company’s revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. sell-side analysts expect that HCP will post 1.94 earnings per share for the current year.
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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