Zacks Investment Research downgraded HCP, Inc. (NYSE:HCP) to Hold in a report released today.
- Updated: October 6, 2016
Zacks Investment Research has downgraded HCP, Inc. (NYSE:HCP) to Hold in a report released on 10/06/2016.
Previously on Wednesday October 05, 2016, Zacks Investment Research reported about HCP, Inc. (NYSE:HCP) raised the target price from $0.00 to $41.00. At the time, this indicated a possible upside of 0.11%.
Yesterday HCP, Inc. (NYSE:HCP) traded -0.69% lower at $36.31. The company’s 50-day moving average is $38.64 and its 200-day moving average is $36.04. The last closing price is up 0.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,376,858 shares of HCP traded hands, down from an average trading volume of 3,345,430
Recent Performance Chart
HCP, Inc. has 52 week low of $25.11 and a 52 week high of $40.43 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $31.42 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 10 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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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