HCP, Inc. (NYSE:HCP) – Analysts at KeyCorp lifted their FY2017 EPS estimates for shares of HCP in a report issued on Monday. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will post earnings of $1.95 per share for the year, up from their previous forecast of $1.94. KeyCorp also issued estimates for HCP’s FY2018 earnings at $2.04 EPS.

HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. HCP had a net margin of 41.38% and a return on equity of 12.39%. The business had revenue of $492.16 million during the quarter, compared to analyst estimates of $514.82 million. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year.

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HCP has been the topic of several other reports. Mizuho restated a “neutral” rating on shares of HCP in a research report on Wednesday, June 28th. Evercore ISI lowered shares of HCP from an “in-line” rating to an “underperform” rating in a research report on Monday, April 24th. Raymond James Financial, Inc. upgraded shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Wednesday, June 14th. Mitsubishi UFJ Financial Group began coverage on shares of HCP in a research report on Friday, April 21st. They set a “hold” rating and a $32.00 target price on the stock. Finally, Jefferies Group LLC restated a “hold” rating and set a $33.00 target price on shares of HCP in a research report on Tuesday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.42.

HCP (NYSE:HCP) traded up 1.215% during midday trading on Wednesday, hitting $32.085. 602,202 shares of the stock traded hands. The company’s 50-day moving average is $31.99 and its 200 day moving average is $31.27. The firm has a market cap of $15.03 billion, a P/E ratio of 15.470 and a beta of 0.37. HCP has a 12-month low of $27.61 and a 12-month high of $40.43.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Peoples Financial Services CORP. increased its position in shares of HCP by 4.0% in the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 125 shares during the last quarter. Founders Capital Management purchased a new position in shares of HCP during the first quarter valued at $106,000. Advisory Services Network LLC purchased a new position in shares of HCP during the first quarter valued at $114,000. Nwam LLC purchased a new position in shares of HCP during the first quarter valued at $200,000. Finally, Soros Fund Management LLC purchased a new position in shares of HCP during the first quarter valued at $200,000. 88.44% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Thomas Klaritch sold 2,651 shares of HCP stock in a transaction 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 transaction, the insider now owns 176,830 shares of the company’s stock, valued at approximately $5,575,449.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.22% 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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