HCP (NYSE:HCP) has been assigned a $25.00 price target by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, February 13th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 9.36% from the stock’s previous close.
A number of other research analysts also recently commented on HCP. KeyCorp reiterated a “hold” rating on shares of HCP in a research note on Tuesday, October 17th. Mizuho upgraded shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, November 2nd. Stifel Nicolaus reduced their price objective 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. Zacks Investment Research upgraded shares of HCP from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $29.00 price objective on shares of HCP in a research note on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.54.
HCP (NYSE HCP) traded up $0.23 on Tuesday, reaching $22.86. 3,699,835 shares of the company were exchanged, compared to its average volume of 4,840,000. HCP has a 1-year low of $21.48 and a 1-year high of $33.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $10,720.00, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 4.08 and a beta of 0.29.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $443.30 million for the quarter, compared to the consensus estimate of $448.54 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s revenue was down 17.9% compared to the same quarter last year. analysts forecast that HCP will post 1.82 earnings per share for the current year.
In other HCP news, insider Kendall K. Young purchased 14,000 shares of HCP stock in a transaction dated Wednesday, February 14th. The shares were bought at an average cost of $21.91 per share, for a total transaction of $306,740.00. Following the transaction, the insider now owns 48,544 shares in the company, valued at approximately $1,063,599.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.
Several institutional investors have recently bought and sold shares of HCP. Advisory Services Network LLC lifted its position in HCP by 4.1% in 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. D.A. Davidson & CO. lifted its position in HCP by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 104,554 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 1,915 shares during the last quarter. ARGI Investment Services LLC lifted its position in HCP by 7.9% in the 3rd quarter. ARGI Investment Services LLC now owns 27,246 shares of the real estate investment trust’s stock valued at $758,000 after purchasing an additional 1,998 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in HCP by 1.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 119,300 shares of the real estate investment trust’s stock valued at $3,813,000 after purchasing an additional 2,000 shares during the last quarter. Finally, BerganKDV Wealth Management LLC lifted its position in HCP by 4.2% in the 4th quarter. BerganKDV Wealth Management LLC now owns 51,797 shares of the real estate investment trust’s stock valued at $1,351,000 after purchasing an additional 2,110 shares during the last quarter. Institutional investors own 87.68% 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.
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