ValuEngine Downgrades HCP (NYSE:HCP) to Hold

HCP (NYSE:HCP) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday, February 2nd.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price target for the company in a report on Friday, December 15th. Zacks Investment Research upgraded HCP from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, November 2nd. Stifel Nicolaus reduced their price objective on HCP from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “hold” rating on shares of HCP in a research report on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.14.

Shares of HCP (NYSE:HCP) traded up $0.57 during trading on Friday, reaching $23.21. The company had a trading volume of 7,010,000 shares, compared to its average volume of 4,432,146. HCP has a 1-year low of $22.22 and a 1-year high of $33.67. The company has a market capitalization of $10,888.00, a P/E ratio of 20.91, a P/E/G ratio of 4.20 and a beta of 0.27. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.61 and a quick ratio of 0.61.

Large investors have recently added to or reduced their stakes in the business. Shell Asset Management Co. raised its holdings in shares of HCP by 311.9% in the 3rd quarter. Shell Asset Management Co. now owns 121,033 shares of the real estate investment trust’s stock valued at $4,806,000 after acquiring an additional 91,652 shares in the last quarter. Sawyer & Company Inc bought a new position in shares of HCP during the 4th quarter valued at about $725,000. Beacon Investment Advisory Services Inc. increased its position in shares of HCP by 109.3% during the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 18,570 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 9,698 shares during the last quarter. California Public Employees Retirement System increased its position in shares of HCP by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,164,448 shares of the real estate investment trust’s stock valued at $32,407,000 after purchasing an additional 43,888 shares during the last quarter. Finally, Arbor Wealth Management LLC increased its position in shares of HCP by 10.2% during the 3rd quarter. Arbor Wealth Management LLC now owns 146,389 shares of the real estate investment trust’s stock valued at $3,955,000 after purchasing an additional 13,512 shares during the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.

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About HCP

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HCP (NYSE:HCP)

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