Somewhat Favorable News Coverage Very Likely to Affect HCP (HCP) Stock Price
Media headlines about HCP (NYSE:HCP) have been trending somewhat positive recently, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HCP earned a media sentiment score of 0.01 on Alpha One’s scale. Alpha One also assigned media headlines about the real estate investment trust an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- What’s in Store for UDR Inc. (UDR) this Earnings Season? (nasdaq.com)
- Chai Patel hands over reins as chief executive of HC-One – one of UK’s biggest care providers (carehome.co.uk)
- Vera Bradley Signs Agreement To Design Clothes, Accessories For Health Care Professionals (foxbusiness.com)
- Jefferies Group Weighs in on HCP, Inc.’s Q1 2017 Earnings (HCP) (americanbankingnews.com)
- HCP Spin-Off Reveals ManorCare’s Dire Financial State (seniorhousingnews.com)
A number of equities analysts recently commented on HCP shares. Mizuho restated a “buy” rating on shares of HCP in a report on Friday, December 23rd. Vetr downgraded HCP from a “buy” rating to a “hold” rating and set a $30.75 price objective on the stock. in a report on Monday, January 2nd. Zacks Investment Research downgraded HCP from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 3rd. Royal Bank of Canada set a $30.00 price objective on HCP and gave the stock a “hold” rating in a report on Tuesday, January 3rd. Finally, Barclays PLC restated an “equal weight” rating and issued a $32.00 price objective on shares of HCP in a report on Thursday, January 5th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and an average price target of $33.13.
Shares of HCP (NYSE:HCP) traded up 0.37% during trading on Thursday, reaching $32.52. The company’s stock had a trading volume of 2,378,242 shares. The stock’s 50 day moving average price is $31.07 and its 200 day moving average price is $30.71. HCP has a 52 week low of $27.61 and a 52 week high of $40.43. The company has a market cap of $15.23 billion, a PE ratio of 24.29 and a beta of 0.27.
HCP (NYSE:HCP) last released its earnings results on Monday, February 13th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. HCP had a return on equity of 6.51% and a net margin of 25.10%. The business earned $540 million during the quarter, compared to analysts’ expectations of $527.10 million. During the same quarter last year, the firm posted $0.80 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that HCP will post $0.85 EPS for the current year.
In related news, CAO Scott A. Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $29.94, for a total transaction of $299,400.00. Following the completion of the sale, the chief accounting officer now owns 27,345 shares of the company’s stock, valued at $818,709.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.
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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.
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