HCP Inc. (NYSE:HCP) traded down 2.6% during mid-day trading on Thursday . The company traded as low as $38.43 and last traded at $38.47, with a volume of 2,378,694 shares changing hands. The stock had previously closed at $39.50.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded HCP from a “hold” rating to a “strong sell” rating in a research report on Monday, May 2nd. Argus reissued a “hold” rating on shares of HCP in a research report on Wednesday, June 15th. Barclays PLC downgraded HCP from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $37.00 in a research report on Wednesday, June 1st. Mizuho boosted their price target on HCP from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, BMO Capital Markets reissued a “sell” rating on shares of HCP in a research report on Tuesday, May 10th. Seven investment 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 company currently has an average rating of “Hold” and a consensus target price of $34.29.

The stock’s market cap is $18.01 billion. The stock’s 50 day moving average is $37.34 and its 200 day moving average is $34.12.

HCP (NYSE:HCP) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $662.20 million for the quarter, compared to the consensus estimate of $631.25 million. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. On average, equities analysts expect that HCP Inc. will post $2.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Monday, August 8th will be issued a $0.575 dividend. The ex-dividend date is Thursday, August 4th. This represents a $2.30 annualized dividend and a dividend yield of 5.96%.

Several hedge funds have recently added to or reduced their stakes in HCP. BlackRock Advisors LLC increased its stake in HCP by 87.3% in the fourth quarter. BlackRock Advisors LLC now owns 523,529 shares of the real estate investment trust’s stock valued at $20,020,000 after buying an additional 243,985 shares during the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in HCP during the fourth quarter valued at $3,131,000. Dimensional Fund Advisors LP increased its stake 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 during the last quarter. Morningstar Investment Services LLC increased its stake in HCP by 3.8% in the fourth quarter. Morningstar Investment Services LLC now owns 502,174 shares of the real estate investment trust’s stock valued at $19,203,000 after buying an additional 18,462 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in HCP by 10.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 182,017 shares of the real estate investment trust’s stock valued at $7,239,000 after buying an additional 16,560 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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