Notable Mover: Could HCP, Inc. Decline After Today’s Significant Increase?

Notable Mover: Could HCP, Inc. Decline After Today's Significant Increase?

The stock of HCP, Inc. (NYSE:HCP) is a huge mover today! About 1.15 million shares traded hands. HCP, Inc. (NYSE:HCP) has declined 11.54% since April 11, 2016 and is downtrending. It has underperformed by 17.68% the S&P500.
The move comes after 7 months positive chart setup for the $12.70 billion company. It was reported on Nov, 11 by Barchart.com. We have $35.56 PT which if reached, will make NYSE:HCP worth $3.43B more.

HCP, Inc. (NYSE:HCP) Ratings Coverage

Out of 15 analysts covering HCP (NYSE:HCP), 0 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 0 are positive. HCP has been the topic of 27 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, August 24 with “Neutral”. Citigroup maintained it with “Neutral” rating and $34 target price in Monday, May 16 report. The stock of HCP, Inc. (NYSE:HCP) earned “Hold” rating by Argus Research on Monday, January 4. Goldman Sachs upgraded HCP, Inc. (NYSE:HCP) on Friday, July 8 to “Neutral” rating. The stock of HCP, Inc. (NYSE:HCP) has “Hold” rating given on Wednesday, November 2 by Stifel Nicolaus. The firm earned “Neutral” rating on Tuesday, March 15 by JP Morgan. Mizuho maintained the stock with “Neutral” rating in Wednesday, November 2 report. RBC Capital Markets upgraded the shares of HCP in a report on Friday, November 4 to “Sector Perform” rating. The company was maintained on Tuesday, August 23 by UBS. The stock of HCP, Inc. (NYSE:HCP) has “Underperform” rating given on Friday, November 6 by RBC Capital Markets.

According to Zacks Investment Research, “Health Care Property Investors, Inc. is a real estate investment trust. The company invests in health care related real estate located throughout the United States, including long-term care facilities, congregate care and assisted living facilities, acute care and rehabilitation hospitals, medical office buildings, physician group practice clinics and psychiatric facilities.”

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.13, from 0.79 in 2016Q1. The ratio increased, as 55 funds sold all HCP, Inc. shares owned while 208 reduced positions. 65 funds bought stakes while 177 increased positions. They now own 416.03 million shares or 2.10% less from 424.94 million shares in 2016Q1.
Blackrock Advsrs Ltd Company, a Delaware-based fund reported 418,160 shares. Shinko Asset Management Commerce Limited accumulated 11.97 million shares or 2.97% of the stock. British Columbia Investment Mgmt Corp holds 0.07% or 228,975 shares in its portfolio. Texas Permanent School Fund last reported 151,543 shares in the company. Avalon Lc last reported 9,925 shares in the company. Guardian Life Ins Of America accumulated 1,745 shares or 0% of the stock. Sumitomo Mitsui Tru has 1.64 million shares for 0.1% of their US portfolio. Brick And Kyle Assocs last reported 280 shares in the company. Strs Ohio holds 730,481 shares or 0.11% of its portfolio. Carnegie Asset Management Ltd Liability Com, a Ohio-based fund reported 100,284 shares. Hightower Advsrs Limited Liability has 100,224 shares for 0.04% of their US portfolio. Kcm Inv Advisors Limited Co holds 0.39% or 159,013 shares in its portfolio. Pinnacle Associate Ltd holds 0.03% or 37,681 shares in its portfolio. Walleye Trading Limited Liability Corp holds 0.01% of its portfolio in HCP, Inc. (NYSE:HCP) for 22,000 shares. Sigma Planning last reported 15,626 shares in the company.

Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 4 selling transactions for $868,491 net activity. $88,202 worth of HCP, Inc. (NYSE:HCP) was sold by Kowalske Darren A on Wednesday, August 31. Bergschneider Jonathan M. had sold 7,651 shares worth $304,387. Kirby Thomas D sold $120,725 worth of HCP, Inc. (NYSE:HCP) on Wednesday, September 7. Another trade for 9,000 shares valued at $355,177 was sold by Young Kendall K.

More important recent HCP, Inc. (NYSE:HCP) news were published by: Fool.com which released: “Better Buy: HCP, Inc. vs. Senior Housing Properties Trust” on October 31, 2016, also Zacks.com published article titled: “HCP Inc. (HCP) Q3 FFO and Revenues Beat Estimates”, Forbes.com published: “HCP Crosses Above Average Analyst Target” on October 14, 2016. More interesting news about HCP, Inc. (NYSE:HCP) was released by: Prnewswire.com and their article: “Third Phase of Construction at HCP’s The Cove at Oyster Point in South San …” with publication date: November 01, 2016.

HCP Company Profile

HCP, Inc. (HCP), incorporated on March 21, 1985, is a self-administered real estate investment trust (REIT). The Firm invests in real estate serving the healthcare industry in the United States. The Company’s portfolio consists of investments in various healthcare divisions: senior housing, post-acute/skilled nursing, life science, medical office and hospital. The Company’s portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. The Firm has interests in unconsolidated joint ventures representing approximately 30 properties primarily in its senior housing, life science and medical office divisions.

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