HCP (HCP) Hits New 1-Year Low Following Analyst Downgrade

Shares of HCP, Inc. (NYSE:HCP) hit a new 52-week low during trading on Friday after Robert W. Baird lowered their price target on the stock from $29.00 to $26.00. Robert W. Baird currently has a neutral rating on the stock. HCP traded as low as $24.93 and last traded at $24.94, with a volume of 1962714 shares. The stock had previously closed at $25.26.

HCP has been the topic of several other research reports. KeyCorp restated a “hold” rating on shares of HCP in a report on Sunday, September 17th. Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upgraded HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a report on Friday, December 15th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price target on shares of HCP in a report on Wednesday, October 18th. Finally, Mizuho upgraded HCP from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.36.

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC lifted its stake in HCP by 4.1% in the second quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 150 shares during the period. Sandhill Capital Partners LLC lifted its stake in HCP by 1.4% in the second quarter. Sandhill Capital Partners LLC now owns 20,155 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 270 shares during the period. Stonebridge Capital Advisors LLC lifted its stake in HCP by 0.9% in the second quarter. Stonebridge Capital Advisors LLC now owns 35,626 shares of the real estate investment trust’s stock valued at $1,139,000 after buying an additional 325 shares during the period. Laurel Wealth Advisors Inc. lifted its stake in HCP by 2.7% in the second quarter. Laurel Wealth Advisors Inc. now owns 23,468 shares of the real estate investment trust’s stock valued at $750,000 after buying an additional 611 shares during the period. Finally, Stephens Inc. AR lifted its stake in HCP by 2.0% in the second quarter. Stephens Inc. AR now owns 41,835 shares of the real estate investment trust’s stock valued at $1,337,000 after buying an additional 821 shares during the period. Institutional investors and hedge funds own 89.88% of the company’s stock.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $11,730.00, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.33.

HCP (NYSE:HCP) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The firm had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 14.4% on a year-over-year basis. equities research analysts expect that HCP, Inc. will post 1.94 EPS for the current year.

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About HCP

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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