HCP (NYSE:HCP) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, November 2nd, MarketBeat Ratings reports.
A number of other equities analysts also recently weighed in on HCP. Robert W. Baird boosted their price target on HCP from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Cantor Fitzgerald boosted their price target on HCP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, November 1st. ValuEngine raised HCP from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. BMO Capital Markets reissued a “hold” rating and set a $27.00 price target on shares of HCP in a research report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.75.
HCP traded up $0.05 on Friday, hitting $28.82. 3,877,224 shares of the company were exchanged, compared to its average volume of 3,960,649. HCP has a 12 month low of $21.48 and a 12 month high of $28.92. The firm has a market capitalization of $13.50 billion, a PE ratio of 14.78, a PEG ratio of 7.21 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.48.
Several hedge funds have recently modified their holdings of HCP. Mount Yale Investment Advisors LLC bought a new stake in shares of HCP in the second quarter valued at approximately $104,000. Piedmont Investment Advisors LLC bought a new stake in shares of HCP in the second quarter valued at approximately $142,000. Peoples Financial Services CORP. boosted its stake in shares of HCP by 87.7% in the third quarter. Peoples Financial Services CORP. now owns 6,100 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 2,850 shares during the period. Wetherby Asset Management Inc. bought a new stake in shares of HCP in the third quarter valued at approximately $200,000. Finally, Reliance Trust Co. of Delaware bought a new stake in HCP during the second quarter worth $211,000. Institutional investors and hedge funds own 87.64% of the company’s stock.
HCP Company Profile
HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.
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