Share on StockTwits

HCP (NYSE:HCP) EVP Kendall K. Young sold 5,114 shares of the stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $42.12, for a total transaction of $215,401.68. Following the completion of the sale, the executive vice president now directly owns 26,898 shares of the company’s stock, valued at approximately $1,132,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on HCP. Analysts at Zacks reiterated a “neutral” rating on shares of HCP in a research note on Monday. They now have a $44.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of HCP from $38.00 to $40.00 in a research note on Monday, May 12th. Finally, analysts at Citigroup Inc. reiterated an “equal weight” rating on shares of HCP in a research note on Wednesday, May 7th. They now have a $42.00 price target on the stock, up previously from $39.00. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.00.

HCP (NYSE:HCP) traded up 0.31% on Tuesday, hitting $42.17. 3,232,401 shares of the company’s stock traded hands. HCP has a one year low of $35.50 and a one year high of $48.23. The stock’s 50-day moving average is $41.70 and its 200-day moving average is $38.7. The company has a market cap of $19.322 billion and a price-to-earnings ratio of 19.22.

HCP (NYSE:HCP) last released its earnings data on Tuesday, May 6th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $530.00 million for the quarter, compared to the consensus estimate of $518.87 million. During the same quarter last year, the company posted $0.74 earnings per share. HCP’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that HCP will post $3.03 EPS for the current fiscal year.

HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.