HCP, Inc. (HCP) Receives Average Rating of “Hold” from Analysts
HCP, Inc. (NYSE:HCP) has received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.91.
HCP has been the subject of a number of research analyst reports. Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, November 2nd. Morgan Stanley dropped their price target on HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, September 25th. BMO Capital Markets restated a “hold” rating and issued a $28.00 price target on shares of HCP in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of HCP in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of HCP in a research report on Wednesday, October 4th.
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HCP (NYSE HCP) remained flat at $$26.80 during trading on Monday. 3,212,549 shares of the company’s stock were exchanged, compared to its average volume of 3,714,316. HCP has a 1-year low of $25.08 and a 1-year high of $33.67. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17. The company has a market cap of $12,550.00, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.86 and a beta of 0.31.
HCP (NYSE:HCP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $440.60 million. During the same quarter last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. equities analysts anticipate that HCP will post 1.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Friday, November 3rd. HCP’s dividend payout ratio is currently 264.29%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCP. Sun Life Financial INC lifted its stake in shares of 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 in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of 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 in the last quarter. Advisory Services Network LLC lifted its stake in shares of 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 in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of HCP in the 3rd quarter valued at about $147,000. Finally, Penserra Capital Management LLC acquired a new position in shares of HCP in the 3rd quarter valued at about $163,000. 87.49% of the stock is currently owned by institutional investors and hedge funds.
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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