HCP, Inc. (NYSE:HCP)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, October 18th. They presently have a $28.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential upside of 9.50% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. BidaskClub upgraded shares of HCP from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) downgraded shares of HCP from a “buy” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $31.00 price target on shares of HCP in a research report on Friday, July 14th. Mizuho reiterated a “neutral” rating on shares of HCP in a research report on Wednesday, June 28th. Finally, KeyCorp reiterated a “hold” rating on shares of HCP in a research report on Sunday, September 17th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company’s stock. HCP has an average rating of “Hold” and a consensus price target of $30.98.
Shares of HCP (HCP) traded up 1.43% on Wednesday, hitting $25.57. The stock had a trading volume of 3,767,007 shares. HCP has a 12-month low of $25.08 and a 12-month high of $33.67. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 17.43 and a beta of 0.38. The stock has a 50 day moving average of $27.48 and a 200 day moving average of $30.22.
HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter in the prior year, the firm earned $0.71 EPS. HCP’s quarterly revenue was down 14.8% on a year-over-year basis. Equities analysts predict that HCP will post $1.34 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of HCP. BlackRock Inc. boosted its holdings in HCP by 1,680.5% in the 1st quarter. BlackRock Inc. now owns 45,980,843 shares of the real estate investment trust’s stock valued at $1,438,282,000 after purchasing an additional 43,398,323 shares during the period. Morgan Stanley boosted its holdings in HCP by 108.0% in the 1st quarter. Morgan Stanley now owns 2,873,563 shares of the real estate investment trust’s stock valued at $89,886,000 after purchasing an additional 1,492,099 shares during the period. Royal Bank of Canada boosted its holdings in HCP by 353.7% in the 2nd quarter. Royal Bank of Canada now owns 1,826,053 shares of the real estate investment trust’s stock valued at $58,362,000 after purchasing an additional 1,423,582 shares during the period. Cbre Clarion Securities LLC boosted its holdings in HCP by 18.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 9,223,958 shares of the real estate investment trust’s stock valued at $294,798,000 after purchasing an additional 1,413,760 shares during the period. Finally, APG Asset Management US Inc. boosted its holdings in HCP by 43.8% in the 2nd quarter. APG Asset Management US Inc. now owns 3,458,000 shares of the real estate investment trust’s stock valued at $110,518,000 after purchasing an additional 1,052,882 shares during the period. 89.49% of the stock is owned by hedge funds and other institutional investors.
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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