HCP, Inc. (HCP) Price Target Raised to $33.00
HCP, Inc. (NYSE:HCP) had its price target boosted by Barclays PLC from $32.00 to $33.00 in a report released on Tuesday morning. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.
HCP has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) upgraded shares of HCP from a neutral rating to a buy rating and boosted their price objective for the company from $29.00 to $35.00 in a research report on Wednesday, January 25th. Vetr cut shares of HCP from a strong-buy rating to a buy rating and set a $32.83 price objective on the stock. in a research report on Tuesday, November 15th. Zacks Investment Research upgraded shares of HCP from a strong sell rating to a hold rating in a research report on Tuesday, January 31st. BTIG Research restated a neutral rating on shares of HCP in a research report on Tuesday, November 1st. Finally, Stifel Nicolaus upgraded shares of HCP from a sell rating to a hold rating and decreased their price objective for the company from $33.00 to $31.00 in a research report on Wednesday, November 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. HCP currently has a consensus rating of Hold and an average target price of $33.35.
HCP (NYSE:HCP) opened at 30.98 on Tuesday. The company has a market cap of $14.50 billion, a PE ratio of 23.14 and a beta of 0.27. HCP has a 52-week low of $25.22 and a 52-week high of $36.82. The stock’s 50 day moving average is $30.38 and its 200-day moving average is $32.02.
HCP (NYSE:HCP) last issued its earnings results on Monday, February 13th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. HCP had a net margin of 25.10% and a return on equity of 6.51%. The company had revenue of $540 million for the quarter, compared to analysts’ expectations of $527.10 million. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that HCP will post $0.82 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Monday, February 13th. HCP’s payout ratio is currently 111.28%.
A number of large investors have recently bought and sold shares of the company. Hanlon Investment Management Inc. acquired a new stake in HCP during the second quarter valued at approximately $4,763,000. Vicus Capital raised its stake in HCP by 6.3% in the second quarter. Vicus Capital now owns 7,067 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 416 shares during the last quarter. Quantbot Technologies LP raised its stake in HCP by 203.5% in the second quarter. Quantbot Technologies LP now owns 188,611 shares of the real estate investment trust’s stock valued at $6,673,000 after buying an additional 126,459 shares during the last quarter. Foster & Motley Inc. raised its stake in HCP by 8.1% in the second quarter. Foster & Motley Inc. now owns 40,776 shares of the real estate investment trust’s stock valued at $1,443,000 after buying an additional 3,062 shares during the last quarter. Finally, ProVise Management Group LLC acquired a new stake in HCP during the second quarter valued at approximately $3,140,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.
HCP Company Profile
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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