Insider Selling: HCP EVP Unloads 2,925 Shares of Stock (HCP)
HCP (NYSE:HCP) EVP Thomas Klaritch sold 2,925 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $42.74, for a total value of $125,014.50. Following the completion of the sale, the executive vice president now directly owns 202,565 shares of the company’s stock, valued at approximately $8,657,628. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
HCP has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of HCP from $23.00 to $25.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Mizuho initiated coverage on shares of HCP in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of HCP from $45.00 to $47.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.14.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $536.12 million for the quarter, compared to the consensus estimate of $523.50 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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