HCP Inc. (HCP) Announces Quarterly Dividend of $0.55
HCP (NYSE:HCP) announced a quarterly dividend on Thursday, January 30th, StockRatingsNetwork reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.545 per share on Tuesday, February 25th. This represents a $2.18 annualized dividend and a dividend yield of 5.61%.
HCP has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of HCP from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $41.00 price target on the stock, down previously from $43.00. On the ratings front, analysts at Barclays cut their price target on shares of HCP from $49.00 to $39.00 in a research note to investors on Wednesday, January 8th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of HCP in a research note to investors on Tuesday, November 26th. They now have a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. HCP has an average rating of “Hold” and an average target price of $44.91.
HCP (NYSE:HCP) traded up 0.15% during mid-day trading on Thursday, hitting $38.89. The stock had a trading volume of 2,529,814 shares. HCP has a 1-year low of $35.50 and a 1-year high of $56.06. The stock has a 50-day moving average of $37.2 and a 200-day moving average of $40.28. The company has a market cap of $17.744 billion and a P/E ratio of 19.31.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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