HCP Inc. (NYSE:HCP) shares dropped 2.2% during trading on Thursday . The company traded as low as $34.56 and last traded at $34.75, with a volume of 1,709,880 shares. The stock had previously closed at $35.53.

HCP has been the topic of a number of research analyst reports. Argus restated a “hold” rating on shares of HCP in a report on Wednesday, June 15th. Evercore ISI upped their price target on shares of HCP to $32.00 in a report on Monday, March 21st. BMO Capital Markets restated a “sell” rating on shares of HCP in a report on Tuesday, May 10th. Barclays PLC cut their price target on shares of HCP from $37.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, March 10th. Finally, Citigroup Inc. upped their price target on shares of HCP from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, May 16th. Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. HCP presently has an average rating of “Hold” and an average target price of $34.10.

The company’s market cap is $16.29 billion. The stock’s 50-day moving average is $34.10 and its 200-day moving average is $33.84.

HCP (NYSE:HCP) last issued its quarterly earnings data on Monday, May 9th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. During the same period in the previous year, the business posted $0.79 earnings per share. The business had revenue of $640.80 million for the quarter, compared to analyst estimates of $621.93 million. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts forecast that HCP Inc. will post $2.78 EPS for the current year.

Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in HCP by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,839,233 shares of the real estate investment trust’s stock valued at $223,297,000 after buying an additional 78,249 shares in the last quarter. Stephens Inc. AR increased its position in HCP by 3.7% in the fourth quarter. Stephens Inc. AR now owns 211,507 shares of the real estate investment trust’s stock valued at $8,088,000 after buying an additional 7,592 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in HCP during the fourth quarter valued at $3,131,000. Eaton Vance Management increased its position in HCP by 12.1% in the fourth quarter. Eaton Vance Management now owns 39,907 shares of the real estate investment trust’s stock valued at $1,526,000 after buying an additional 4,300 shares in the last quarter. Finally, Parsons Capital Management Inc. RI increased its position in HCP by 1.8% in the fourth quarter. Parsons Capital Management Inc. RI now owns 41,719 shares of the real estate investment trust’s stock valued at $1,595,000 after buying an additional 730 shares in the last quarter.

HCP, Inc (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital.

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