A report released today by Zacks Investment Research about HCP, Inc. (NYSE:HCP) ups the target price to $41.00
- Updated: October 5, 2016
Zacks Investment Research raised the target price of HCP, Inc. (NYSE:HCP) to $41.00 indicating a possible upside of 0.11%.
Boasting a price of $36.84, HCP, Inc. (NYSE:HCP) traded -1.76% lower on the day. With the last stock price close up 0.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. HCP, Inc. has recorded a 50-day average of $38.72 and a two hundred day average of $36.04. Volume of trade was down over the average, with 858,223 shares of HCP changing hands under the typical 3,352,990
With a total market value of $0, HCP, Inc. has with a one year low of $25.11 and a one year high of $40.43 .
A total of 12 equity analysts have released a ratings update on HCP. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, ten equity analysts rating the company a hold, five equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $31.42.
Brief Synopsis About HCP, Inc. (NYSE:HCP)
HCP, Inc. (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital. Its portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. It has interests in unconsolidated joint ventures representing approximately 30 properties primarily in its senior housing, life science and medical office segments. The Company has interests in approximately 530 senior housing facilities, including over 25 properties owned by its unconsolidated joint ventures. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes and continuing care retirement communities. It has interests in approximately 310 post-acute/skilled nursing facilities.
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