HCP Inc. (NYSE:HCP) shares traded down 2.2% during trading on Thursday . The stock 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.

Several research firms have issued reports on HCP. Goldman Sachs Group Inc. upgraded HCP from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $26.00 to $36.00 in a research note on Friday. Jefferies Group reiterated a “neutral” rating on shares of HCP in a research note on Wednesday. Zacks Investment Research upgraded HCP from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday. Morgan Stanley lowered HCP from an “equal weight” rating to an “underweight” rating and set a $32.00 price objective for the company. in a research note on Wednesday, June 22nd. Finally, BMO Capital Markets reiterated a “sell” rating on shares of HCP in a research note on Monday, June 20th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.97.

The company’s market cap is $16.79 billion. The stock has a 50-day moving average price of $34.20 and a 200 day moving average price of $33.83.

HCP (NYSE:HCP) last released its earnings results on Monday, May 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company had revenue of $640.80 million for the quarter, compared to the consensus estimate of $621.93 million. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts expect that HCP Inc. will post $2.78 EPS for the current year.

Several hedge funds recently added to or reduced their stakes in HCP. GAM Holding AG increased its stake in HCP by 34.1% in the fourth quarter. GAM Holding AG now owns 29,758 shares of the real estate investment trust’s stock worth $1,138,000 after buying an additional 7,573 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in HCP by 2.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,384 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 663 shares during the last quarter. Regal Investment Advisors LLC increased its stake in HCP by 23.2% in the fourth quarter. Regal Investment Advisors LLC now owns 32,516 shares of the real estate investment trust’s stock worth $1,243,000 after buying an additional 6,115 shares during the last quarter. Profund Advisors LLC increased its stake in HCP by 16.1% in the fourth quarter. Profund Advisors LLC now owns 34,403 shares of the real estate investment trust’s stock worth $1,316,000 after buying an additional 4,769 shares during the last quarter. Finally, Eaton Vance Management increased its stake 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 worth $1,526,000 after buying an additional 4,300 shares during 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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