HCP (NYSE:HCP) has been upgraded from Underperform to Neutral in a statement by BofA Merrill earlier today.
- Updated: October 4, 2016
Boasting a price of $37.61, HCP (NYSE:HCP) traded -0.90% lower on the day. The last close is up 4.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $38.80 and a two hundred day average of $36.01. Volume of trade was down over the average, with 3,046,523 shares of HCP changing hands under the typical 3,338,260
BofA Merrill has upgraded HCP (NYSE:HCP) from Underperform to Neutral in a statement released on Tuesday October 04, 2016.
Recent Performance Chart
HCP has with a one year low of $25.11 and a one year high of $40.43 and has a market capitalization of $0.
A total of 12 brokerages have issued a ratings update on HCP. zero brokerages rating the company a strong buy, one brokerage rating the company a buy, ten brokerages rating the company a hold, five brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $31.42.
General Company Details For HCP (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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