HCP (HCP) Stock Rating Upgraded by Stifel Nicolaus

HCP (NYSE:HCP) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $29.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 8.98% from the stock’s current price.

Several other equities research analysts have also recently weighed in on HCP. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of HCP in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Tuesday, October 17th. Morgan Stanley lowered their target price on HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, September 25th. UBS cut HCP from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $30.00 to $25.00 in a report on Monday, October 2nd. Finally, Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. HCP presently has an average rating of “Hold” and a consensus target price of $30.91.

Shares of HCP (HCP) opened at $26.61 on Tuesday. HCP has a 1-year low of $25.08 and a 1-year high of $33.67. The firm has a market capitalization of $12,384.46, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.61 and a quick ratio of 0.61.

HCP (NYSE:HCP) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $440.60 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. sell-side analysts predict that HCP will post 1.93 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of HCP. BlackRock Inc. increased its position in HCP by 1.3% during the 2nd quarter. BlackRock Inc. now owns 46,580,421 shares of the real estate investment trust’s stock valued at $1,488,710,000 after buying an additional 599,578 shares in the last quarter. Cohen & Steers Inc. increased its position in HCP by 26.6% during the 3rd quarter. Cohen & Steers Inc. now owns 35,762,597 shares of the real estate investment trust’s stock valued at $995,273,000 after buying an additional 7,524,081 shares in the last quarter. State Street Corp increased its position in HCP by 0.3% during the 2nd quarter. State Street Corp now owns 27,363,119 shares of the real estate investment trust’s stock valued at $874,524,000 after buying an additional 74,972 shares in the last quarter. JPMorgan Chase & Co. increased its position in HCP by 2.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,442,708 shares of the real estate investment trust’s stock valued at $749,230,000 after buying an additional 521,915 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in HCP by 0.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,127,480 shares of the real estate investment trust’s stock valued at $365,337,000 after buying an additional 107,826 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

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HCP Company Profile

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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