HCP Inc. (HCP) Shares Down 2.6%
HCP Inc. (NYSE:HCP) traded down 2.6% 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 recently weighed in on the stock. Zacks Investment Research lowered shares of HCP from a “hold” rating to a “strong sell” rating in a report on Monday, May 2nd. Mizuho boosted their price objective on shares of HCP from $32.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Group raised shares of HCP from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $25.00 to $32.00 in a report on Tuesday, May 10th. Raymond James Financial Inc. assumed coverage on shares of HCP in a report on Tuesday, July 26th. They set an “underperform” rating on the stock. Finally, BMO Capital Markets reissued a “sell” rating on shares of HCP in a report on Monday, June 20th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. HCP presently has a consensus rating of “Hold” and an average price target of $34.29.
The firm has a 50-day moving average price of $37.49 and a 200 day moving average price of $34.14. The stock’s market capitalization is $18.28 billion.
HCP (NYSE:HCP) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.04. The firm earned $662.20 million during the quarter, compared to analyst estimates of $631.25 million. HCP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. Analysts expect that HCP Inc. will post $2.80 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Monday, August 8th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, August 4th.
Several hedge funds and institutional investors recently bought and sold shares of HCP. Utah Retirement Systems increased its position in HCP by 1.9% in the fourth quarter. Utah Retirement Systems now owns 110,007 shares of the real estate investment trust’s stock worth $4,206,000 after buying an additional 2,000 shares during the period. KBC Group NV increased its position in HCP by 2.2% in the fourth quarter. KBC Group NV now owns 143,526 shares of the real estate investment trust’s stock worth $5,489,000 after buying an additional 3,069 shares during the period. 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 worth $1,526,000 after buying an additional 4,300 shares during the period. 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 worth $8,088,000 after buying an additional 7,592 shares during the period. Finally, 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 worth $223,297,000 after buying an additional 78,249 shares during the period.
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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