The stock of HCP, Inc. (NYSE:HCP) is a huge mover today! About 644,727 shares traded hands. HCP, Inc. (NYSE:HCP) has declined 5.54% since April 25, 2016 and is downtrending. It has underperformed by 11.55% the S&P500.
The move comes after 7 months positive chart setup for the $13.66B company. It was reported on Nov, 28 by Barchart.com. We have $30.91 PT which if reached, will make NYSE:HCP worth $683.00 million more.
Analysts await HCP, Inc. (NYSE:HCP) to report earnings on February, 14. They expect $0.65 earnings per share, down 18.75% or $0.15 from last year’s $0.8 per share. HCP’s profit will be $301.70 million for 11.32 P/E if the $0.65 EPS becomes a reality. After $0.72 actual earnings per share reported by HCP, Inc. for the previous quarter, Wall Street now forecasts -9.72% negative EPS growth.
HCP, Inc. (NYSE:HCP) Ratings Coverage
Out of 15 analysts covering HCP (NYSE:HCP), 1 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 7% are positive. HCP has been the topic of 28 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The rating was downgraded by Barclays Capital to “Underweight” on Wednesday, January 6. The stock has “Neutral” rating given by UBS on Wednesday, March 16. Barclays Capital maintained the shares of HCP in a report on Thursday, March 10 with “Underweight” rating. RBC Capital Markets upgraded HCP, Inc. (NYSE:HCP) rating on Friday, November 4. RBC Capital Markets has “Sector Perform” rating and $30 price target. The firm earned “Neutral” rating on Tuesday, August 23 by UBS. The stock of HCP, Inc. (NYSE:HCP) earned “Neutral” rating by BTIG Research on Thursday, August 25. The firm has “Hold” rating by Evercore given on Tuesday, September 8. JP Morgan maintained the shares of HCP in a report on Tuesday, March 15 with “Neutral” rating. The rating was initiated by Raymond James on Tuesday, July 26 with “Underperform”. The stock of HCP, Inc. (NYSE:HCP) earned “Neutral” rating by Goldman Sachs on Friday, July 8.
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 0.96 in 2016 Q2. Its up 0.04, from 0.92 in 2016Q1. The ratio improved, 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.
Blair William Il has 0.01% invested in the company for 41,168 shares. Keybank Association Oh has invested 0.01% of its portfolio in HCP, Inc. (NYSE:HCP). Fjarde Ap has 108,329 shares for 0.09% of their US portfolio. Mutual Of America Capital Lc has 0.04% invested in the company for 54,665 shares. Hengehold Mngmt Ltd Liability Corporation last reported 0.47% of its portfolio in the stock. Sarasin & Ptnrs Ltd Liability Partnership holds 0.03% or 52,123 shares in its portfolio. The Tennessee-based Mastrapasqua Asset has invested 0.06% in HCP, Inc. (NYSE:HCP). New Mexico Educational Retirement Board last reported 120,700 shares in the company. Howland Cap Mgmt Ltd Com last reported 158,688 shares in the company. Aviva Public Ltd Company holds 0.07% of its portfolio in HCP, Inc. (NYSE:HCP) for 279,140 shares. General Elec accumulated 125,042 shares or 0.02% of the stock. Kings Point Cap Mgmt has 7,535 shares for 0.07% of their US portfolio. Folger Nolan Fleming Douglas Cap Mngmt holds 6,924 shares or 0.04% of its portfolio. First Citizens Bank & Trust And owns 31,275 shares or 0.1% of their US portfolio. The North Carolina-based High Point Comml Bank has invested 0% in HCP, Inc. (NYSE:HCP).
Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 4 sales for $868,491 net activity. On Wednesday, August 24 Young Kendall K sold $355,177 worth of the stock or 9,000 shares. 7,651 HCP, Inc. (NYSE:HCP) shares with value of $304,387 were sold by Bergschneider Jonathan M.. Shares for $120,725 were sold by Kirby Thomas D on Wednesday, September 7. Kowalske Darren A had sold 2,250 shares worth $88,202.
More recent HCP, Inc. (NYSE:HCP) news were published by: Fool.com which released: “HCP, Inc. Earnings: An Eventful Quarter” on November 02, 2016. Also Fool.com published the news titled: “Better Buy: HCP, Inc. vs. Senior Housing Properties Trust” on October 31, 2016. Prnewswire.com‘s news article titled: “HCP Announces Next Generation of Leadership with Promotions of Tom Herzog and …” with publication date: November 14, 2016 was also an interesting one.
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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