HCP EVP Thomas D. Kirby Sells 672 Shares (HCP)
HCP (NYSE:HCP) EVP Thomas D. Kirby sold 672 shares of HCP stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $43.25, for a total transaction of $29,064.00. Following the completion of the transaction, the executive vice president now directly owns 41,195 shares of the company’s stock, valued at approximately $1,781,684. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of HCP in a research note on Wednesday. They now have a $45.00 price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $41.63.
HCP (NYSE:HCP) traded up 0.51% on Wednesday, hitting $43.31. The stock had a trading volume of 1,694,391 shares. HCP has a 1-year low of $35.50 and a 1-year high of $44.51. The stock has a 50-day moving average of $42.09 and a 200-day moving average of $40.72. The company has a market cap of $19.871 billion and a P/E ratio of 19.64.
HCP (NYSE:HCP) last issued its quarterly earnings data 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. On average, analysts predict that HCP will post $3.03 earnings per share for the current fiscal year.
HCP, Inc (NYSE:HCP) is a real estate investment trust (REIT).
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