HCP (HCP) Sets New 1-Year Low at $23.57

HCP, Inc. (NYSE:HCP) reached a new 52-week low on Wednesday . The stock traded as low as $23.57 and last traded at $23.72, with a volume of 3902300 shares. The stock had previously closed at $23.64.

HCP has been the subject of a number of research analyst reports. Bank of America downgraded shares of HCP from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $31.00 in a report on Friday, September 22nd. Morgan Stanley cut their price objective on HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. UBS Group downgraded HCP from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $30.00 to $25.00 in a report on Monday, October 2nd. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of HCP in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.14.

The firm has a market capitalization of $11,060.00, a price-to-earnings ratio of 42.22, a P/E/G ratio of 2.64 and a beta of 0.33. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17.

HCP (NYSE:HCP) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.60 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis. analysts forecast that HCP, Inc. will post 1.94 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in HCP. Creative Planning increased its position in HCP by 34.9% in the fourth quarter. Creative Planning now owns 81,094 shares of the real estate investment trust’s stock worth $2,115,000 after buying an additional 20,985 shares during the last quarter. National Pension Service boosted its stake in HCP by 14.5% during the fourth quarter. National Pension Service now owns 554,076 shares of the real estate investment trust’s stock valued at $14,450,000 after buying an additional 70,261 shares during the period. BerganKDV Wealth Management LLC boosted its stake in HCP by 4.2% during the fourth quarter. BerganKDV Wealth Management LLC now owns 51,797 shares of the real estate investment trust’s stock valued at $1,351,000 after buying an additional 2,110 shares during the period. Bank of Montreal Can boosted its stake in HCP by 13.3% during the fourth quarter. Bank of Montreal Can now owns 406,731 shares of the real estate investment trust’s stock valued at $10,608,000 after buying an additional 47,692 shares during the period. Finally, Clean Yield Group boosted its stake in HCP by 53.0% during the fourth quarter. Clean Yield Group now owns 18,385 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 6,370 shares during the period. Hedge funds and other institutional investors own 90.07% of the company’s stock.

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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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