Shares of HCP, Inc. (NYSE:HCP) have been given an average rating of “Hold” by the nineteen research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.21.

HCP has been the subject of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $33.00 price target on shares of HCP in a report on Tuesday, July 25th. Zacks Investment Research cut shares of HCP from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets reissued a “hold” rating and set a $32.00 price target on shares of HCP in a research report on Wednesday, September 6th. Raymond James Financial, Inc. raised shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $31.00 price target on shares of HCP in a research report on Wednesday, July 5th.

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC increased its stake in shares of HCP by 28.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock worth $4,285,000 after buying an additional 26,473 shares during the period. Lazard Asset Management LLC increased its stake in shares of HCP by 52.8% during the second quarter. Lazard Asset Management LLC now owns 88,938 shares of the real estate investment trust’s stock worth $2,842,000 after buying an additional 30,745 shares during the period. Willingdon Wealth Management increased its stake in shares of HCP by 3.1% during the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock worth $1,372,000 after buying an additional 1,272 shares during the period. CIBC World Markets Inc. increased its stake in shares of HCP by 335.5% during the second quarter. CIBC World Markets Inc. now owns 42,640 shares of the real estate investment trust’s stock worth $1,363,000 after buying an additional 32,849 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of HCP by 18.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,043 shares of the real estate investment trust’s stock worth $3,677,000 after buying an additional 17,536 shares during the period. Hedge funds and other institutional investors own 89.60% of the company’s stock.

Shares of HCP (NYSE:HCP) traded down 0.81% on Friday, hitting $26.92. 3,015,297 shares of the stock traded hands. HCP has a 52-week low of $26.47 and a 52-week high of $34.02. The stock’s 50 day moving average price is $28.96 and its 200 day moving average price is $30.76. The stock has a market cap of $12.62 billion, a P/E ratio of 18.35 and a beta of 0.38.

HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million during the quarter, compared to analyst estimates of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, equities analysts expect that HCP will post $1.35 EPS for the current fiscal year.

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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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