HCP (HCP) Earns Hold Rating from Jefferies Group

HCP (NYSE:HCP)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a research note issued on Tuesday. They currently have a $26.00 price objective on the real estate investment trust’s stock. Jefferies Group’s price target points to a potential upside of 14.04% from the stock’s previous close.

Other analysts have also issued research reports about the stock. BMO Capital Markets set a $25.00 price target on shares of HCP and gave the company a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of HCP from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. raised shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a report on Friday, December 15th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Mizuho raised shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.64.

Shares of HCP (HCP) traded down $0.05 during mid-day trading on Tuesday, reaching $22.80. 6,086,723 shares of the company’s stock were exchanged, compared to its average volume of 4,598,699. The company has a market cap of $10,888.01, a price-to-earnings ratio of 20.54, a PEG ratio of 4.20 and a beta of 0.27. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP has a fifty-two week low of $21.98 and a fifty-two week high of $33.67.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of HCP in the 4th quarter worth about $103,000. Advisory Services Network LLC boosted its holdings 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 worth $121,000 after buying an additional 150 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of HCP in the 3rd quarter worth about $147,000. Penserra Capital Management LLC purchased a new position in shares of HCP in the 3rd quarter worth about $163,000. Finally, Koch Industries Inc. purchased a new position in shares of HCP in the 2nd quarter worth about $208,000. 90.23% of the stock is currently owned by hedge funds and other 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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