Share on StockTwits

Stock analysts at Cowen and Company boosted their price target on shares of HCP (NYSE:HCP) from $41.00 to $42.00 in a report issued on Friday. Cowen and Company’s price objective would indicate a potential upside of 1.99% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of HCP in a research note on Monday, June 2nd. 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. HCP presently has an average rating of “Hold” and an average target price of $43.11.

In other HCP news, EVP Thomas Klaritch unloaded 40,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $41.29, for a total value of $1,651,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

HCP (NYSE:HCP) traded up 1.28% during mid-day trading on Friday, hitting $41.18. 4,416,468 shares of the company’s stock traded hands. HCP has a 1-year low of $35.50 and a 1-year high of $47.45. The stock’s 50-day moving average is $41.82 and its 200-day moving average is $39.09. The company has a market cap of $18.869 billion and a P/E ratio of 18.59.

HCP (NYSE:HCP) last announced its earnings results 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.