HCP, Inc. (NYSE:HCP) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $32.00 target price on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 17.91% from the company’s previous close.

HCP has been the subject of a number of other reports. Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of HCP in a research note on Tuesday, July 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of HCP in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Finally, UBS Group AG (USA) downgraded HCP from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $30.00 to $25.00 in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. HCP presently has a consensus rating of “Hold” and an average price target of $30.98.

Shares of HCP (NYSE:HCP) opened at $27.14 on Thursday. The stock has a market cap of $12.64 billion, a PE ratio of 13.08, a PEG ratio of 2.88 and a beta of 0.36. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.61 and a quick ratio of 1.68.

HCP (NYSE:HCP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. research analysts anticipate that HCP will post 1.93 EPS for the current year.

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Several hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in shares of HCP by 0.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,194 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 54 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of HCP by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 39,693 shares of the real estate investment trust’s stock worth $1,269,000 after buying an additional 110 shares in the last quarter. Peoples Financial Services CORP. raised its stake in shares of HCP by 4.0% during the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 125 shares in the last quarter. Atria Investments LLC raised its stake in shares of HCP by 1.2% during the 2nd quarter. Atria Investments LLC now owns 12,447 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 147 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of HCP by 4.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 150 shares in the last quarter. 89.73% of the stock is owned by institutional investors and hedge funds.

HCP Company Profile

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.

Analyst Recommendations for HCP (NYSE:HCP)

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