HCP, Inc. (NYSE:HCP) – Investment analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of HCP in a report issued on Friday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $1.91 per share for the year, down from their prior estimate of $1.93. Jefferies Group currently has a “Hold” rating and a $33.00 target price on the stock. Jefferies Group also issued estimates for HCP’s FY2019 earnings at $1.97 EPS.

A number of other equities research analysts have also weighed in on the stock. UBS AG lowered shares of HCP from a “neutral” rating to a “sell” rating in a report on Monday. Morgan Stanley cut their price target on HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, September 25th. Bank of America Corporation downgraded HCP from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $31.00 in a research note on Friday, September 22nd. KeyCorp reissued a “hold” rating on shares of HCP in a report on Sunday, September 17th. Finally, BMO Capital Markets reissued a “hold” rating and set a $32.00 price objective on shares of HCP in a report on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $32.41.

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Shares of HCP (HCP) opened at 27.83 on Monday. The firm has a market capitalization of $13.05 billion, a P/E ratio of 18.97 and a beta of 0.38. HCP has a 52-week low of $27.47 and a 52-week high of $39.10. The stock’s 50 day moving average is $29.61 and its 200-day moving average is $30.98.

HCP (NYSE:HCP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The company had revenue of $458.90 million for the quarter, compared to analyst estimates of $456.29 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in HCP by 2.4% in the first quarter. Vanguard Group Inc. now owns 67,505,742 shares of the real estate investment trust’s stock worth $2,111,579,000 after acquiring an additional 1,557,716 shares during the period. BlackRock Inc. boosted its stake in HCP by 1.3% in the second quarter. BlackRock Inc. now owns 46,580,421 shares of the real estate investment trust’s stock valued at $1,488,710,000 after acquiring an additional 599,578 shares during the last quarter. State Street Corp boosted its stake in HCP by 0.3% in the second quarter. State Street Corp now owns 27,363,119 shares of the real estate investment trust’s stock valued at $874,524,000 after acquiring an additional 74,972 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in HCP by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 23,442,708 shares of the real estate investment trust’s stock valued at $749,230,000 after acquiring an additional 521,915 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in HCP by 6.9% in the second quarter. Daiwa Securities Group Inc. now owns 10,610,722 shares of the real estate investment trust’s stock valued at $339,119,000 after acquiring an additional 687,228 shares during the last quarter. Institutional investors and hedge funds own 89.60% 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.

Earnings History and Estimates for HCP (NYSE:HCP)

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