BMO Capital Markets reiterated their hold rating on shares of HCP, Inc. (NYSE:HCP) in a research note published on Wednesday morning. The brokerage currently has a $28.00 price target on the real estate investment trust’s stock.

HCP has been the topic of a number of other reports. KeyCorp restated a hold rating on shares of HCP in a research note on Sunday, September 17th. Mizuho restated a neutral rating on shares of HCP in a research note on Wednesday, June 28th. BidaskClub cut HCP from a hold rating to a sell rating in a research note on Thursday, July 27th. Zacks Investment Research cut HCP from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC restated a hold rating and issued a $33.00 price objective on shares of HCP in a research note on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. HCP has an average rating of Hold and an average target price of $30.98.

HCP (HCP) remained flat at $26.36 during trading on Wednesday. 2,047,129 shares of the stock traded hands. The company has a 50-day moving average price of $28.06 and a 200 day moving average price of $30.43. HCP has a one year low of $26.11 and a one year high of $33.67. The company has a market cap of $12.36 billion, a P/E ratio of 17.97 and a beta of 0.38.

HCP (NYSE:HCP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $458.90 million for the quarter, compared to analysts’ expectations of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Equities analysts forecast that HCP will post $1.34 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in shares of HCP by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 7,194 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 54 shares during the period. Cleararc Capital Inc. increased its position in shares of HCP by 0.7% during the first quarter. Cleararc Capital Inc. now owns 11,441 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 85 shares during the period. Alps Advisors Inc. increased its position in shares of HCP by 0.3% during the second quarter. Alps Advisors Inc. now owns 39,693 shares of the real estate investment trust’s stock valued at $1,269,000 after buying an additional 110 shares during the period. Peoples Financial Services CORP. increased its position in shares of HCP by 4.0% during the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 125 shares during the period. Finally, Atria Investments LLC increased its position in shares of HCP by 1.2% during the second quarter. Atria Investments LLC now owns 12,447 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.

About HCP

HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.

Analyst Recommendations for HCP (NYSE:HCP)

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