HCP Inc. Reaches New 12-Month Low at $38.58 (HCP)
HCP (NYSE:HCP)’s share price reached a new 52-week low during trading hours on Friday, Stock Ratings Network reports. The company traded as low as $38.58 and last traded at $38.81, with a volume of 5,381,004 shares traded. The stock had previously closed at $39.82.
HCP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of HCP (NYSE:HCP) in a research note to investors on Friday. They now have a $45.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of HCP (NYSE:HCP) from $49.00 to $38.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital downgraded shares of HCP (NYSE:HCP) from a “sector perform” rating to an “underperform” rating in a research note to investors on Thursday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. HCP has an average rating of “Hold” and an average price target of $47.09.
HCP has a 52-week low of $38.58 and a 52-week high of $56.06. The stock has a 50-day moving average of $41.08 and a 200-day moving average of $46.41. The company has a market cap of $17.772 billion and a price-to-earnings ratio of 20.31.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.02. The company had revenue of $516.30 million for the quarter, compared to the consensus estimate of $518.53 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that HCP will post $2.98 EPS for the current fiscal year.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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