KeyCorp Reiterates “Hold” Rating for HCP, Inc. (HCP)

HCP, Inc. (NYSE:HCP)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research note issued on Sunday.

A number of other equities research analysts also recently issued reports on HCP. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 price target on shares of HCP in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price target on shares of HCP in a research note on Wednesday, September 6th. BidaskClub downgraded shares of HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Mizuho reaffirmed a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.84.

HCP (HCP) opened at 29.44 on Friday. The company has a 50-day moving average of $29.68 and a 200-day moving average of $31.01. The stock has a market cap of $13.81 billion, a PE ratio of 20.07 and a beta of 0.38. HCP has a 12 month low of $27.61 and a 12 month high of $36.16.

HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. HCP had a net margin of 4.76% and a return on equity of 1.34%. HCP’s revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that HCP will post $1.35 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of HCP. Peoples Financial Services CORP. increased its stake in 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 worth $104,000 after buying an additional 125 shares during the period. Founders Capital Management purchased a new position in HCP in the 1st quarter worth about $106,000. Sun Life Financial INC increased its stake in 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 worth $109,000 after buying an additional 3,414 shares during the period. Chicago Partners Investment Group LLC increased its stake in 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 worth $113,000 after buying an additional 2,525 shares during the period. Finally, Advisory Services Network LLC increased its stake in HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 150 shares during the period. 89.60% of the stock is currently owned by institutional investors.

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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