HCP (NYSE:HCP) has climbed 2.18% in the past week and advanced 8.78% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.4% and the outperformance has advanced to 7.79% for the last 4 weeks period.
HCP (NYSE:HCP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.91 and $34.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.18, notching a gain of 0.69% for the day. The total traded volume was 4,685,921 . The stock had closed at $34.94 on the previous day.
The company shares have dropped -6.76% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $40.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $33.90 and the 200 Day Moving Average price is recorded at $33.98.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hsiao Kai, officer (Executive Vice President) of Hcp, Inc., had unloaded 266 shares at an average price of $36.04 in a transaction dated on May 9, 2016. The total value of the transaction was worth $9,587.
Many analysts have stated their opinion on the company shares. Citigroup maintains its view on HCP (NYSE:HCP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $31 per share to $34 per share on HCP . The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 0.22% of HCP shares according to the proxy statements. Institutional Investors own 92.24% of HCP shares. During last six month period, the net percent change held by insiders has seen a change of 10.13%.
HCP, Inc. (HCP) is a 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. Its owned portfolio includes around 1,040 properties under lease and 68 operating properties. It has interests in unconsolidated joint ventures representing around 88 properties in its senior housing, life science and medical office segments. It has assets under development, redevelopment and land held for future development in life science and medical office segments. The properties owned by it in medical office and senior housing segments, which are under development or redevelopment include Pacific Corporate Park, Memorial Hermann, Sky Ridge, Bayfront, Folsom and Deer Park.