HCP, Inc. (NYSE:HCP) has received an average rating of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.50.
HCP has been the subject of several analyst reports. BMO Capital Markets set a $25.00 target price on HCP and gave the stock a “hold” rating in a research report on Monday, January 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 target price on shares of HCP in a research report on Thursday, December 14th. Stifel Nicolaus raised HCP from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, December 5th. Wells Fargo lowered their target price on HCP from $31.00 to $27.00 and set a “market perform” rating for the company in a research report on Tuesday, March 20th. Finally, Robert W. Baird lowered their target price on HCP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 5th.
Shares of HCP stock traded down $0.32 during trading hours on Friday, reaching $22.29. The company had a trading volume of 3,800,276 shares, compared to its average volume of 4,061,582. The company has a market cap of $10,463.88, a price-to-earnings ratio of 25.92, a P/E/G ratio of 4.11 and a beta of 0.34. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.31 and a current ratio of 0.31. HCP has a twelve month low of $21.48 and a twelve month high of $33.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.64%. HCP’s payout ratio is currently 172.09%.
In other HCP news, insider Kendall K. Young purchased 14,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average cost of $21.91 per share, for a total transaction of $306,740.00. Following the acquisition, the insider now owns 48,544 shares in the company, valued at approximately $1,063,599.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.22% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Sawyer & Company Inc acquired a new stake in HCP during the 4th quarter worth about $725,000. Beacon Investment Advisory Services Inc. grew its stake in shares of HCP by 109.3% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 18,570 shares of the real estate investment trust’s stock valued at $517,000 after buying an additional 9,698 shares during the period. California Public Employees Retirement System grew its stake in shares of HCP by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 1,164,448 shares of the real estate investment trust’s stock valued at $32,407,000 after buying an additional 43,888 shares during the period. Arbor Wealth Management LLC grew its stake in shares of HCP by 10.2% in the 3rd quarter. Arbor Wealth Management LLC now owns 146,389 shares of the real estate investment trust’s stock valued at $3,955,000 after buying an additional 13,512 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of HCP by 0.7% in the 3rd quarter. New York State Common Retirement Fund now owns 1,053,000 shares of the real estate investment trust’s stock valued at $29,305,000 after buying an additional 7,800 shares during the period. Hedge funds and other institutional investors own 88.48% of the company’s stock.
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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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