Stock Worth Watching: Is Selling Stock Like HCP, Inc. After Such Decline Winning Strategy?

Stock Worth Watching: Is Selling Stock Like HCP, Inc. After Such Decline Winning Strategy?

The stock of HCP, Inc. (NYSE:HCP) is a huge mover today! The stock decreased 0.60% or $0.18 on November 8, hitting $29.71. About 3.54 million shares traded hands. HCP, Inc. (NYSE:HCP) has declined 1.32% since April 6, 2016 and is downtrending. It has underperformed by 3.28% the S&P500.
The move comes after 8 months negative chart setup for the $14.25 billion company. It was reported on Nov, 8 by Barchart.com. We have $27.33 PT which if reached, will make NYSE:HCP worth $1.14B less.

HCP, Inc. (NYSE:HCP) Ratings Coverage

Out of 15 analysts covering HCP (NYSE:HCP), 0 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 0 are positive. HCP has been the topic of 27 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Barclays Capital on Wednesday, January 6. The rating was downgraded by UBS on Wednesday, March 16 to “Neutral”. The rating was downgraded by Jefferies on Tuesday, January 12 to “Underperform”. UBS maintained the stock with “Neutral” rating in Tuesday, August 23 report. The stock of HCP, Inc. (NYSE:HCP) has “Neutral” rating given on Tuesday, October 4 by Bank of America. The stock has “Neutral” rating given by JP Morgan on Tuesday, March 15. Stifel Nicolaus downgraded the stock to “Sell” rating in Thursday, February 11 report. As per Monday, January 4, the company rating was downgraded by Argus Research. The stock of HCP, Inc. (NYSE:HCP) earned “Underweight” rating by Morgan Stanley on Wednesday, June 22. The rating was maintained by Evercore on Tuesday, September 8 with “Hold”.

According to Zacks Investment Research, “Health Care Property Investors, Inc. is a real estate investment trust. The company invests in health care related real estate located throughout the United States, including long-term care facilities, congregate care and assisted living facilities, acute care and rehabilitation hospitals, medical office buildings, physician group practice clinics and psychiatric facilities.”

Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.13, from 0.79 in 2016Q1. The ratio is positive, as 55 funds sold all HCP, Inc. shares owned while 208 reduced positions. 65 funds bought stakes while 177 increased positions. They now own 416.03 million shares or 2.10% less from 424.94 million shares in 2016Q1.
Van Hulzen Asset Mngmt Ltd accumulated 7,344 shares or 0.15% of the stock. Shell Asset Management accumulated 0.03% or 40,382 shares. Tower Bridge Advisors has 8,074 shares for 0% of their US portfolio. Hm Payson Com accumulated 0.08% or 45,973 shares. Neuberger Berman Group Inc Ltd Limited Liability Company owns 1.17 million shares or 0.06% of their US portfolio. The California-based Sfe Invest Counsel has invested 4.15% in HCP, Inc. (NYSE:HCP). Brown Advisory Ltd Liability owns 5,685 shares or 0.06% of their US portfolio. Sarasin & Prns Ltd Liability Partnership, a United Kingdom-based fund reported 52,123 shares. Breton Hill Cap Ltd last reported 2.48% of its portfolio in the stock. Invesco Ltd has invested 0.31% of its portfolio in HCP, Inc. (NYSE:HCP). Korea Corporation holds 31,800 shares or 0.01% of its portfolio. Employees Retirement Sys Of Texas has invested 0.11% of its portfolio in HCP, Inc. (NYSE:HCP). Victory Management Incorporated last reported 0% of its portfolio in the stock. National Planning Corporation holds 19,512 shares or 0.06% of its portfolio. First Personal Ser has 249 shares for 0% of their US portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 4 sales for $868,491 net activity. $355,177 worth of HCP, Inc. (NYSE:HCP) shares were sold by Young Kendall K. Hsiao Kai sold $9,587 worth of HCP, Inc. (NYSE:HCP) on Monday, May 9. Kowalske Darren A sold $88,202 worth of HCP, Inc. (NYSE:HCP) on Wednesday, August 31. On Wednesday, September 7 Kirby Thomas D sold $120,725 worth of the stock or 3,000 shares. Bergschneider Jonathan M. sold $304,387 worth of HCP, Inc. (NYSE:HCP) on Tuesday, August 23.

More news for HCP, Inc. (NYSE:HCP) were recently published by: Fool.com, which released: “Dividend Investors: Meet the New HCP, Inc.” on November 03, 2016. Fool.com‘s article titled: “Better Buy: HCP, Inc. vs. Senior Housing Properties Trust” and published on October 31, 2016 is yet another important article.

HCP Company Profile

HCP, Inc. (HCP), incorporated on March 21, 1985, is a self-administered real estate investment trust (REIT). The Firm invests in real estate serving the healthcare industry in the United States. The Company’s portfolio consists of investments in various healthcare divisions: senior housing, post-acute/skilled nursing, life science, medical office and hospital. The Company’s portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. The Firm has interests in unconsolidated joint ventures representing approximately 30 properties primarily in its senior housing, life science and medical office divisions.

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