HCP, Inc. (HCP) Given Average Rating of “Hold” by Brokerages

HCP, Inc. (NYSE:HCP) has received an average rating of “Hold” from the nineteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $30.78.

HCP has been the topic of a number of analyst reports. J P Morgan Chase & Co upgraded shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $29.00 price objective on shares of HCP in a research report on Thursday. Stifel Nicolaus upgraded shares of HCP from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, December 5th. Zacks Investment Research upgraded shares of HCP from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Mizuho upgraded shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, November 2nd.

Shares of HCP (NYSE HCP) traded up $0.02 on Friday, hitting $26.83. 9,256,662 shares of the stock were exchanged, compared to its average volume of 3,716,764. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $12,590.00, a price-to-earnings ratio of 13.10, a PEG ratio of 2.87 and a beta of 0.33. HCP has a twelve month low of $25.08 and a twelve 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. HCP had a net margin of 27.31% and a return on equity of 8.85%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. analysts expect that HCP will post 1.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a dividend of $0.37 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.48 annualized dividend and a dividend yield of 5.52%. HCP’s payout ratio is currently 264.29%.

Several hedge funds and other institutional investors have recently modified their holdings of HCP. NGAM Advisors L.P. boosted its position in shares of HCP by 23.1% during the 2nd quarter. NGAM Advisors L.P. now owns 12,699 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 2,383 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of HCP by 141.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 87,000 shares of the real estate investment trust’s stock worth $2,780,000 after purchasing an additional 51,000 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of HCP by 43.8% during the 2nd quarter. Global X Management Co. LLC now owns 11,662 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 3,551 shares in the last quarter. First Trust Advisors LP boosted its position in shares of HCP by 126.3% during the 2nd quarter. First Trust Advisors LP now owns 352,775 shares of the real estate investment trust’s stock worth $11,275,000 after purchasing an additional 196,907 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of HCP by 30.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 45,448 shares of the real estate investment trust’s stock worth $1,505,000 after purchasing an additional 10,490 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.

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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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