HCP, Inc. (NYSE:HCP)‘s stock had its “hold” rating restated by KeyCorp in a report released on Sunday.

A number of other research firms also recently commented on HCP. BidaskClub downgraded shares of HCP from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) downgraded shares of HCP from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.84.

Shares of HCP (NYSE HCP) opened at 29.45 on Friday. The stock has a market capitalization of $13.81 billion, a PE ratio of 20.07 and a beta of 0.38. HCP has a 12 month low of $27.61 and a 12 month high of $36.16. The company has a 50-day moving average of $29.75 and a 200-day moving average of $31.05.

HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. On average, equities research analysts expect that HCP will post $1.35 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Peoples Financial Services CORP. lifted its position in HCP by 4.0% in the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 125 shares during the last quarter. Founders Capital Management bought a new stake in HCP in the 1st quarter valued at about $106,000. Sun Life Financial INC lifted its position in HCP by 42,675.0% in the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 3,414 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in HCP by 252.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,525 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.

About HCP

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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