HCP, Inc. (HCP) Stock Rating Reaffirmed by KeyCorp

HCP, Inc. (NYSE:HCP)‘s stock had its “hold” rating restated by analysts at KeyCorp in a research note issued on Tuesday.

A number of other equities research analysts also recently commented on the company. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 target price on shares of HCP in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Bank of America Corporation downgraded HCP from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $31.00 in a report on Friday, September 22nd. Finally, Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.27.

HCP (HCP) traded down 0.324% during trading on Tuesday, hitting $26.135. 488,524 shares of the stock traded hands. HCP has a 12 month low of $26.11 and a 12 month high of $34.02. The firm’s 50-day moving average is $28.48 and its 200-day moving average is $30.59. The stock has a market cap of $12.26 billion, a P/E ratio of 17.815 and a beta of 0.38.

HCP (NYSE:HCP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The company had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. During the same quarter last year, the company earned $0.71 earnings per share. HCP’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts forecast that HCP will post $1.34 EPS for the current year.

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Several hedge funds have recently made changes to their positions in HCP. Peoples Financial Services CORP. increased its position in shares of HCP by 4.0% in the second 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 in the last quarter. Sun Life Financial INC increased 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 worth $109,000 after purchasing an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in 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 worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Advisory Services Network LLC increased 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 wo

A number of other equities research analysts also recently commented on the company. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 target price on shares of HCP in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Bank of America Corporation downgraded HCP from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $31.00 in a report on Friday, September 22nd. Finally, Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.27.

HCP (HCP) traded down 0.324% during trading on Tuesday, hitting $26.135. 488,524 shares of the stock traded hands. HCP has a 12 month low of $26.11 and a 12 month high of $34.02. The firm’s 50-day moving average is $28.48 and its 200-day moving average is $30.59. The stock has a market cap of $12.26 billion, a P/E ratio of 17.815 and a beta of 0.38.

HCP (NYSE:HCP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The company had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. During the same quarter last year, the company earned $0.71 earnings per share. HCP’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts forecast that HCP will post $1.34 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/17/hcp-inc-hcp-stock-rating-reaffirmed-by-keycorp.html.

Several hedge funds have recently made changes to their positions in HCP. Peoples Financial Services CORP. increased its position in shares of HCP by 4.0% in the second 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 in the last quarter. Sun Life Financial INC increased 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 worth $109,000 after purchasing an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in 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 worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Advisory Services Network LLC increased 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 worth $121,000 after purchasing an additional 150 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in HCP during the 2nd quarter worth about $172,000. 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.

Analyst Recommendations for HCP (NYSE:HCP)

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