Wall Street analysts expect HCP, Inc. (NYSE:HCP) to post $0.46 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for HCP’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. HCP reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 43.8%. The firm is scheduled to report its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that HCP will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.96. For the next financial year, analysts anticipate that the business will post earnings of $1.94 per share, with EPS estimates ranging from $1.86 to $2.05. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for HCP.

HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The firm’s revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share.

Several research analysts have commented on the company. UBS AG raised HCP from an “underperform” rating to an “outperform” rating in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) downgraded HCP from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $32.00 in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 target price on shares of HCP in a report on Friday, July 14th. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Mizuho reaffirmed a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and an average price target of $32.41.

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Large investors have recently made changes to their positions in the company. Peoples Financial Services CORP. lifted its stake in shares of HCP by 4.0% in the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 125 shares during the period. Sun Life Financial INC lifted its stake in shares of HCP by 42,675.0% in the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 3,414 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of HCP by 252.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,525 shares during the period. Advisory Services Network LLC lifted its stake in shares of HCP by 4.1% in 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 purchasing an additional 150 shares during the period. Finally, ClariVest Asset Management LLC acquired a new position in shares of HCP in the 2nd quarter valued at about $172,000. 89.60% of the stock is currently owned by institutional investors.

HCP (NYSE:HCP) traded down 0.07% during midday trading on Thursday, reaching $27.83. The company had a trading volume of 3,756,945 shares. HCP has a 12-month low of $27.47 and a 12-month high of $39.10. The company has a market capitalization of $13.05 billion, a PE ratio of 21.91 and a beta of 0.38. The stock has a 50-day moving average price of $29.61 and a 200 day moving average price of $30.98.

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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Earnings History and Estimates for HCP (NYSE:HCP)

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