BMO Capital Markets reissued their hold rating on shares of HCP, Inc. (NYSE:HCP) in a report issued on Wednesday morning. BMO Capital Markets currently has a $32.00 price target on the real estate investment trust’s stock.
Several other research firms have also recently issued reports on HCP. BidaskClub cut shares of HCP from a buy rating to a hold rating in a report on Thursday, June 29th. Zacks Investment Research cut shares of HCP from a hold rating to a sell rating in a report on Tuesday, July 18th. Stifel Nicolaus reiterated a hold rating and issued a $31.00 price objective on shares of HCP in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) cut shares of HCP from a buy rating to a neutral rating and decreased their price objective for the company from $35.00 to $32.00 in a report on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $31.00 price objective on shares of HCP in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. HCP has a consensus rating of Hold and a consensus price target of $32.84.
HCP (NYSE HCP) traded up 0.03% during midday trading on Wednesday, hitting $30.13. 544,709 shares of the stock were exchanged. HCP has a 52 week low of $27.61 and a 52 week high of $36.50. The firm’s 50-day moving average is $30.14 and its 200 day moving average is $31.15. The stock has a market cap of $14.13 billion, a price-to-earnings ratio of 20.54 and a beta of 0.38.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s revenue was down 14.8% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts expect that HCP will post $1.35 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.48 annualized dividend and a dividend yield of 4.91%. HCP’s dividend payout ratio (DPR) is presently 102.07%.
In related news, insider Thomas Klaritch sold 2,651 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total value of $83,586.03. Following the completion of the sale, the insider now owns 176,830 shares in the company, valued at approximately $5,575,449.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Peoples Financial Services CORP. lifted its position in shares of HCP by 4.0% in the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 125 shares in the last quarter. Founders Capital Management purchased a new stake in shares of HCP in the 1st quarter valued at approximately $106,000. Sun Life Financial INC lifted its position in shares of HCP by 42,675.0% in the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of HCP by 252.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,525 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of HCP in the 1st quarter valued at approximately $114,000. Institutional investors and hedge funds own 89.75% of the company’s stock.
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.
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