Positive Report for HCP Inc from Raymond James

By Carrie Williams

HCP Inc (NYSE: HCP) received a Buy rating from Raymond James analyst Jonathan Hughes today. The company’s shares closed yesterday at $31.66.

According to TipRanks.com, Hughes is a 4-star analyst with an average return of 11.5% and a 77.8% success rate. Hughes covers the Financial sector, focusing on stocks such as Senior Housing Properties Trust, MedEquities Realty Trust, and Physicians Realty Trust.

HCP Inc has an analyst consensus of Hold, with a price target consensus of $31.89.

The company has a one year high of $36.81 and a one year low of $27.61. Currently, HCP Inc has an average volume of 3.75M.

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HCP, Inc. is a real estate investment trust which invests primarily in real estate serving the healthcare industry in the United States. It acquires, develops, leases, sells and manages healthcare real estate and provides mortgage and other financing to healthcare providers. The company operates through four segments: Senior Housing Triple-Net, Senior Housing Operating Portfolio, Life Science and Medical Office. The Senior Housing Triple-Net & Operating Portfolio segments manage senior housing facilities, which include independent living, assisted living and memory care facilities, care homes and continuing care retirement communities by utilizing triple-net leases and RIDEA structures. The Life Science segment contains laboratory and office space primarily for biotechnology, medical device and pharmaceutical companies, scientific research institutions, government agencies and other organizations involved in the life science industry. The Medical Office segment includes pharmacies, hospital ancillary service space and outpatient services such as diagnostic centers, rehabilitation clinics and day-surgery operating rooms. HCP was founded in March 1985 and is headquartered in Long Beach, CA.