November 25, 2016 - By Hazel Jackson · 0 Comments
HCP Inc (NYSE:HCP) institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.04, from 0.92 in 2016Q1. The ratio is positive, as 242 hedge funds started new or increased stock positions, while 263 reduced and sold their stock positions in HCP Inc. The hedge funds in our partner’s database now possess: 416.03 million shares, down from 424.94 million shares in 2016Q1. Also, the number of hedge funds holding HCP Inc in their top 10 stock positions decreased from 6 to 4 for a decrease of 2. Sold All: 55 Reduced: 208 Increased: 177 New Position: 65.
HCP, Inc. is a self-administered real estate investment trust (REIT). The company has a market cap of $13.74 billion. The Firm invests in real estate serving the healthcare industry in the United States. It currently has negative earnings. The Company’s portfolio consists of investments in various healthcare divisions: senior housing, post-acute/skilled nursing, life science, medical office and hospital.
About 856,054 shares traded hands. HCP, Inc. (NYSE:HCP) has declined 4.02% since April 22, 2016 and is downtrending. It has underperformed by 9.43% the S&P500.
Analysts await HCP, Inc. (NYSE:HCP) to report earnings on February, 14. They expect $0.65 earnings per share, down 18.75% or $0.15 from last year’s $0.8 per share. HCP’s profit will be $305.35M for 11.26 P/E if the $0.65 EPS becomes a reality. After $0.72 actual earnings per share reported by HCP, Inc. for the previous quarter, Wall Street now forecasts -9.72% negative EPS growth.
According to Zacks Investment Research, “Health Care Property Investors, Inc. is a real estate investment trust. The company invests in health care related real estate located throughout the United States, including long-term care facilities, congregate care and assisted living facilities, acute care and rehabilitation hospitals, medical office buildings, physician group practice clinics and psychiatric facilities.”
Sfe Investment Counsel holds 4.15% of its portfolio in HCP, Inc. for 252,210 shares. Independent Order Of Foresters owns 151,450 shares or 3.96% of their US portfolio. Moreover, Cohen & Steers Inc has 3.72% invested in the company for 40.39 million shares. The Japan-based Daiwa Securities Group Inc. has invested 3.51% in the stock. Cornerstone Capital Inc., a California-based fund reported 417,875 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 selling transactions for $868,491 net activity.
Ratings analysis reveals 7% of HCP’s analysts are positive. Out of 15 Wall Street analysts rating HCP, 1 give it “Buy”, 3 “Sell” rating, while 11 recommend “Hold”. The lowest target is $30 while the high is $41. The stock’s average target of $33.83 is 15.62% above today’s ($29.26) share price. HCP was included in 28 notes of analysts from September 8, 2015. Morgan Stanley downgraded HCP, Inc. (NYSE:HCP) on Wednesday, June 22 to “Underweight” rating. On Tuesday, January 12 the stock rating was downgraded by Jefferies to “Underperform”. The stock of HCP, Inc. (NYSE:HCP) earned “Sell” rating by Stifel Nicolaus on Thursday, February 11. The firm has “Neutral” rating given on Wednesday, November 2 by Mizuho. The stock of HCP, Inc. (NYSE:HCP) has “Neutral” rating given on Monday, May 16 by Citigroup. On Tuesday, August 23 the stock rating was maintained by UBS with “Neutral”. On Tuesday, October 4 the stock rating was upgraded by Bank of America to “Neutral”. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. Barclays Capital downgraded the stock to “Underweight” rating in Wednesday, January 6 report. As per Monday, September 21, the company rating was downgraded by Goldman Sachs.
HCP, Inc. (HCP), incorporated on March 21, 1985, is a self-administered real estate investment trust (REIT). The Firm invests in real estate serving the healthcare industry in the United States. The Company’s portfolio consists of investments in various healthcare divisions: senior housing, post-acute/skilled nursing, life science, medical office and hospital. The Company’s portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. The Firm has interests in unconsolidated joint ventures representing approximately 30 properties primarily in its senior housing, life science and medical office divisions.
More news for HCP, Inc. (NYSE:HCP) were recently published by: Fool.com, which released: “HCP, Inc. Earnings: An Eventful Quarter” on November 02, 2016. Fool.com‘s article titled: “Better Buy: HCP, Inc. vs. Senior Housing Properties Trust” and published on October 31, 2016 is yet another important article.
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By Hazel Jackson