HCP, Inc. (HCP) Rating Reiterated by Mizuho
HCP, Inc. (NYSE:HCP)‘s stock had its “neutral” rating restated by analysts at Mizuho in a note issued to investors on Wednesday.
HCP has been the topic of a number of other research reports. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Evercore ISI lowered HCP from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Bank of America Corporation raised HCP from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.25 to $35.00 in a report on Monday, April 3rd. Jefferies Group LLC reissued a “hold” rating and set a $32.00 price objective on shares of HCP in a report on Friday, May 12th. Finally, Robert W. Baird started coverage on HCP in a report on Friday, March 10th. They set a “neutral” rating and a $32.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. HCP has an average rating of “Hold” and an average price target of $33.18.
HCP (HCP) traded down 0.03% during trading on Wednesday, reaching $32.74. The company had a trading volume of 1,716,076 shares. HCP has a 12 month low of $27.61 and a 12 month high of $40.43. The stock has a 50 day moving average of $31.37 and a 200-day moving average of $30.88. The company has a market capitalization of $15.34 billion, a P/E ratio of 15.79 and a beta of 0.42.
HCP (NYSE:HCP) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. HCP had a return on equity of 12.39% and a net margin of 41.38%. The company had revenue of $492.16 million for the quarter, compared to analyst estimates of $514.82 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts expect that HCP will post $1.36 EPS for the current fiscal year.
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In related news, insider Thomas Klaritch sold 2,651 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total transaction of $83,586.03. Following the completion of the sale, the insider now owns 176,830 shares in the company, valued at approximately $5,575,449.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in HCP. Cleararc Capital Inc. increased its stake in shares of HCP by 0.7% in the first quarter. Cleararc Capital Inc. now owns 11,441 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 85 shares during the last quarter. Transamerica Financial Advisors Inc. increased its stake in shares of HCP by 0.9% in the first quarter. Transamerica Financial Advisors Inc. now owns 17,030 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 145 shares during the last quarter. Curbstone Financial Management Corp increased its stake in shares of HCP by 0.5% in the first quarter. Curbstone Financial Management Corp now owns 31,185 shares of the real estate investment trust’s stock valued at $975,000 after buying an additional 150 shares during the last quarter. Mirador Capital Partners LP increased its stake in shares of HCP by 2.2% in the first quarter. Mirador Capital Partners LP now owns 8,619 shares of the real estate investment trust’s stock valued at $270,000 after buying an additional 189 shares during the last quarter. Finally, Alexandria Capital LLC increased its stake in shares of HCP by 4.4% in the first quarter. Alexandria Capital LLC now owns 7,546 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 88.35% of the company’s stock.
HCP Company Profile
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
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