HCP, Inc. (NYSE:HCP) insider Kendall K. Young purchased 14,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $21.91 per share, for a total transaction of $306,740.00. Following the completion of the transaction, the insider now directly owns 48,544 shares in the company, valued at $1,063,599.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of HCP, Inc. (NYSE HCP) opened at $22.68 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.61 and a debt-to-equity ratio of 1.23. HCP, Inc. has a 12-month low of $21.64 and a 12-month high of $33.67. The firm has a market cap of $10,646.97, a PE ratio of 11.63, a PEG ratio of 4.14 and a beta of 0.27.
HCP (NYSE:HCP) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. HCP had a net margin of 22.37% and a return on equity of 6.99%. The business had revenue of $443.30 million for the quarter, compared to analyst estimates of $448.54 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was down 17.9% on a year-over-year basis. analysts anticipate that HCP, Inc. will post 1.82 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in HCP. The Manufacturers Life Insurance Company lifted its holdings in HCP by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 492,949 shares of the real estate investment trust’s stock valued at $15,755,000 after purchasing an additional 15,623 shares during the last quarter. Koch Industries Inc. bought a new position in HCP during the 2nd quarter valued at about $208,000. WINTON GROUP Ltd lifted its holdings in HCP by 116.0% during the 2nd quarter. WINTON GROUP Ltd now owns 40,424 shares of the real estate investment trust’s stock valued at $1,292,000 after purchasing an additional 21,710 shares during the last quarter. Advisory Services Network LLC lifted its holdings 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 purchasing an additional 150 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in HCP during the 2nd quarter valued at about $208,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on HCP. ValuEngine lowered shares of HCP from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. upgraded shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of HCP from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Jefferies Group restated a “hold” rating and issued a $26.00 price target on shares of HCP in a research report on Tuesday, February 13th. Finally, BMO Capital Markets set a $25.00 price target on shares of HCP and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. HCP has a consensus rating of “Hold” and a consensus target price of $28.62.
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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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