J P Morgan Chase & Co upgraded shares of HCP (NYSE:HCP) from a neutral rating to an overweight rating in a report issued on Friday morning, MarketBeat.com reports. J P Morgan Chase & Co currently has $29.00 price objective on the real estate investment trust’s stock.

Several other research analysts also recently commented on HCP. Mizuho upgraded HCP from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a report on Thursday, November 2nd. Stifel Nicolaus upgraded HCP from a hold rating to a buy rating and set a $29.00 price objective on the stock in a report on Tuesday, December 5th. Morgan Stanley decreased their price objective on HCP from $31.00 to $29.00 and set an equal weight rating on the stock in a report on Monday, September 25th. Zacks Investment Research upgraded HCP from a sell rating to a hold rating in a report on Thursday, November 9th. Finally, BMO Capital Markets reissued a hold rating and issued a $28.00 target price on shares of HCP in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. HCP currently has a consensus rating of Hold and an average price target of $30.78.

Shares of HCP (NYSE:HCP) opened at $26.98 on Friday. HCP has a 12-month low of $25.08 and a 12-month high of $33.67. 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 firm has a market capitalization of $12,583.82, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.86 and a beta of 0.38.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.60 million. During the same quarter last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. equities research analysts forecast that HCP will post 1.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Monday, November 6th were paid a $0.37 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.48 annualized dividend and a dividend yield of 5.49%. HCP’s payout ratio is presently 133.33%.

Several hedge funds and other institutional investors have recently bought and sold shares of HCP. Alps Advisors Inc. boosted its position in HCP by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 39,693 shares of the real estate investment trust’s stock valued at $1,269,000 after acquiring an additional 110 shares in the last quarter. Advisory Services Network LLC boosted its position in 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 valued at $121,000 after acquiring an additional 150 shares in the last quarter. Sandhill Capital Partners LLC boosted its position in HCP by 1.4% during the 2nd quarter. Sandhill Capital Partners LLC now owns 20,155 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 270 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its position in HCP by 0.9% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 35,626 shares of the real estate investment trust’s stock valued at $1,139,000 after acquiring an additional 325 shares in the last quarter. Finally, Armor Investment Advisors LLC boosted its position in HCP by 3.4% during the 2nd quarter. Armor Investment Advisors LLC now owns 12,241 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 400 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.watchlistnews.com/j-p-morgan-chase-co-upgrades-hcp-hcp-to-overweight/1772231.html.

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)

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.