HCP, Inc. (NYSE:HCP) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 26, 2016
Having a price of $39.59, HCP, Inc. (NYSE:HCP) traded 0.79% higher on the day. With the last close up 10.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. HCP, Inc. has recorded a 50-day average of $38.83 and a two hundred day average of $35.69. Volume of trade was down over the average, with 2,500,058 shares of HCP changing hands under the typical 3,426,830
Zacks Investment Research has downgraded HCP, Inc. (NYSE:HCP) to Hold in a statement released on 9/26/2016.
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 analysts have released a report on HCP, Inc.. zero analysts rating the company a strong buy, one analyst rating the company a buy, ten analysts rating the company a hold, five analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $31.42.
More 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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