HCP (NYSE:HCP) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a $29.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 9.19% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating and set a $28.00 price objective on shares of HCP in a report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of HCP in a report on Tuesday, October 17th. Finally, UBS cut HCP from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $30.00 to $25.00 in a report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. HCP presently has an average rating of “Hold” and a consensus price target of $30.91.

Shares of HCP (HCP) traded up $0.16 during trading on Tuesday, hitting $26.56. The stock had a trading volume of 3,769,840 shares, compared to its average volume of 3,690,433. The stock has a market cap of $12,506.43, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.38. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP has a 12-month low of $25.08 and a 12-month high of $33.67.

HCP (NYSE:HCP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. The company’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. equities analysts expect that HCP will post 1.93 EPS for the current year.

A number of large investors have recently made changes to their positions in HCP. Cohen & Steers Inc. increased its position in HCP by 26.6% during the 3rd quarter. Cohen & Steers Inc. now owns 35,762,597 shares of the real estate investment trust’s stock valued at $995,273,000 after buying an additional 7,524,081 shares in the last quarter. Principal Financial Group Inc. increased its position in HCP by 475.0% during the 3rd quarter. Principal Financial Group Inc. now owns 4,284,833 shares of the real estate investment trust’s stock valued at $119,248,000 after buying an additional 3,539,670 shares in the last quarter. Daiwa Securities Group Inc. increased its position in HCP by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,243,041 shares of the real estate investment trust’s stock valued at $340,724,000 after buying an additional 1,632,319 shares in the last quarter. Royal Bank of Canada increased its position in HCP by 353.7% during the 2nd quarter. Royal Bank of Canada now owns 1,826,053 shares of the real estate investment trust’s stock valued at $58,362,000 after buying an additional 1,423,582 shares in the last quarter. Finally, Cbre Clarion Securities LLC increased its position in HCP by 18.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 9,223,958 shares of the real estate investment trust’s stock valued at $294,798,000 after buying an additional 1,413,760 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.

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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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