HCP Inc. (NYSE:HCP) shares saw unusually-high trading volume on Tuesday . Approximately 3,514,292 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 3,905,636 shares.The stock last traded at $37.12 and had previously closed at $36.54.

Several brokerages have issued reports on HCP. Jefferies Group lifted their target price on shares of HCP to $25.00 in a research note on Thursday, April 7th. Evercore ISI lifted their target price on shares of HCP to $32.00 in a research note on Monday, March 21st. Zacks Investment Research raised shares of HCP from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of HCP in a research note on Wednesday, March 16th. Finally, Argus reaffirmed a “hold” rating on shares of HCP in a research note on Wednesday, June 15th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. HCP currently has a consensus rating of “Hold” and an average price target of $33.97.

The firm’s 50-day moving average is $34.46 and its 200-day moving average is $33.80. The stock’s market capitalization is $17.30 billion.

HCP (NYSE:HCP) last posted its earnings results on Monday, May 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. The firm earned $640.80 million during the quarter, compared to analyst estimates of $621.93 million. During the same period last year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that HCP Inc. will post $2.78 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Agran Libbie raised its stake in HCP by 10,073.6% in the fourth quarter. Agran Libbie now owns 24,472,696 shares of the real estate investment trust’s stock valued at $9,358,000 after buying an additional 24,232,146 shares during the period. Vanguard Group Inc. raised its stake in HCP by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 61,238,590 shares of the real estate investment trust’s stock worth $2,341,765,000 after buying an additional 1,813,634 shares during the last quarter. Andra AP fonden raised its stake in HCP by 351.9% in the fourth quarter. Andra AP fonden now owns 240,400 shares of the real estate investment trust’s stock worth $9,193,000 after buying an additional 187,200 shares during the last quarter. Edge Asset Management Inc. raised its stake in HCP by 69.8% in the fourth quarter. Edge Asset Management Inc. now owns 268,646 shares of the real estate investment trust’s stock worth $10,273,000 after buying an additional 110,440 shares during the last quarter. Finally, BHF Kleinwort Benson Group S.A. raised its stake in HCP by 10.4% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 960,195 shares of the real estate investment trust’s stock worth $36,718,000 after buying an additional 90,324 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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