Shares of HCP, Inc. (NYSE:HCP) have earned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.75.

A number of brokerages have recently issued reports on HCP. UBS Group AG upgraded shares of HCP from an “underperform” rating to an “outperform” rating in a report on Wednesday, June 14th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a report on Friday. Zacks Investment Research cut shares of HCP from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut shares of HCP from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective on shares of HCP in a report on Friday, May 12th.

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In other HCP news, insider Thomas Klaritch sold 2,651 shares of HCP stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total value of $83,586.03. Following the sale, the insider now owns 176,830 shares of the company’s stock, valued at $5,575,449.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Prospera Financial Services Inc raised its stake in shares of HCP by 52.9% in the first quarter. Prospera Financial Services Inc now owns 19,174 shares of the real estate investment trust’s stock valued at $598,000 after buying an additional 6,633 shares in the last quarter. Bank of Montreal Can raised its stake in shares of HCP by 0.9% in the first quarter. Bank of Montreal Can now owns 372,934 shares of the real estate investment trust’s stock valued at $11,665,000 after buying an additional 3,258 shares in the last quarter. National Pension Service raised its stake in shares of HCP by 9.6% in the first quarter. National Pension Service now owns 459,399 shares of the real estate investment trust’s stock valued at $14,237,000 after buying an additional 40,194 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of HCP by 53.5% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 81,476 shares of the real estate investment trust’s stock valued at $2,549,000 after buying an additional 28,400 shares in the last quarter. Finally, Catawba Capital Management VA raised its stake in shares of HCP by 2.4% in the first quarter. Catawba Capital Management VA now owns 22,047 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 520 shares in the last quarter. 88.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of HCP (NYSE:HCP) traded up 0.16% during midday trading on Tuesday, reaching $32.06. 2,249,349 shares of the company’s stock traded hands. HCP has a 12 month low of $27.61 and a 12 month high of $40.43. The stock has a market cap of $15.02 billion, a P/E ratio of 15.46 and a beta of 0.37. The stock has a 50 day moving average of $31.89 and a 200-day moving average of $31.03.

HCP (NYSE:HCP) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $492.16 million during the quarter, compared to analysts’ expectations of $514.82 million. HCP had a net margin of 41.38% and a return on equity of 12.39%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that HCP will post $1.28 EPS for the current fiscal year.

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.

Analyst Recommendations for HCP (NYSE:HCP)

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