BMO Capital Markets reaffirmed their hold rating on shares of HCP (NYSE:HCP) in a report released on Thursday, May 3rd. BMO Capital Markets currently has a $25.00 target price on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the company. UBS restated a sell rating and issued a $21.00 price target (down previously from $25.00) on shares of HCP in a research report on Wednesday, February 21st. Jefferies Group restated a hold rating and issued a $26.00 price target on shares of HCP in a research report on Tuesday, February 13th. ValuEngine cut HCP from a buy rating to a hold rating in a research report on Friday, February 2nd. Stifel Nicolaus restated a buy rating and issued a $27.00 price target (down previously from $29.00) on shares of HCP in a research report on Wednesday, February 14th. Finally, Robert W. Baird set a $24.00 price target on HCP and gave the stock a hold rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $27.15.
HCP opened at $23.14 on Thursday, MarketBeat Ratings reports. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.25. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 4.30 and a beta of 0.24. HCP has a fifty-two week low of $23.28 and a fifty-two week high of $23.68.
HCP (NYSE:HCP) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.38). HCP had a negative return on equity of 0.13% and a negative net margin of 0.41%. The company had revenue of $479.20 million during the quarter, compared to the consensus estimate of $452.86 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. equities analysts expect that HCP will post 1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, May 7th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Friday, May 4th. HCP’s payout ratio is 75.90%.
In other HCP news, Director R Kent Griffin, Jr. bought 21,100 shares of the stock in a transaction on Monday, May 14th. The stock was acquired at an average cost of $23.80 per share, for a total transaction of $502,180.00. Following the completion of the acquisition, the director now owns 30,575 shares in the company, valued at approximately $727,685. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sawyer & Company Inc bought a new stake in shares of HCP during the fourth quarter valued at approximately $725,000. Bank of Montreal Can boosted its position in shares of HCP by 13.3% during the fourth quarter. Bank of Montreal Can now owns 406,731 shares of the real estate investment trust’s stock valued at $10,608,000 after buying an additional 47,692 shares during the last quarter. Strs Ohio boosted its position in shares of HCP by 3.4% during the fourth quarter. Strs Ohio now owns 642,514 shares of the real estate investment trust’s stock valued at $16,756,000 after buying an additional 21,115 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of HCP by 252.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 91,521 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 65,583 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of HCP by 12,329.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 6,761,684 shares of the real estate investment trust’s stock valued at $176,345,000 after buying an additional 6,707,284 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
HCP Company Profile
HCP, Inc is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio 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.
Receive News & Ratings for HCP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP and related companies with MarketBeat.com's FREE daily email newsletter.