HCP (HCP) is Downgraded by Argus to Hold

HCP (HCP) is Downgraded by Argus to Hold , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

HCP, Inc. is up 4.18% in the last 3-month period. Year-to-Date the stock performance stands at -8%.

Shares of HCP, Inc. (NYSE:HCP) rose by 1.11% in the past week and 6.88% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.95% and the outperformance increases to 9.37% for the last 4 weeks.

Shares of HCP, Inc. (NYSE:HCP) ended Thursday session in red amid volatile trading. The shares closed down 0.41 points or 1.06% at $38.24 with 2,852,691 shares getting traded. Post opening the session at $38.69, the shares hit an intraday low of $38.24 and an intraday high of $38.82 and the price vacillated in this range throughout the day. The company has a market cap of $17,783 million and the number of outstanding shares have been calculated to be 465,042,240 shares. The 52-week high of HCP, Inc. (NYSE:HCP) is $49.61 and the 52-week low is $32.71.

Currently the company Insiders own 0.39% of HCP, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 21.68% . Institutional Investors own 87.74% of HCP, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 21.68%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Rhein Peter L, director of Hcp, Inc., unloaded 5,600 shares at an average price of $36.42 on December 8, 2015. The total amount of the transaction was worth $203,952, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

HCP, Inc. (HCP) is a real estate investment trust (REIT). The Company invests primarily in real estate serving the healthcare industry in the United States. HCP acquires, develops, leases, manages and disposes of healthcare real estate and provides financing to healthcare providers. The Companys portfolio consists of investments in the five healthcare segments: senior housing, life science, medical office, post-acute/skilled nursing and hospital. The Company makes investments within its healthcare segments using the five investment products: properties under lease, debt investments, developments and redevelopments, investment management and RIDEA, which represents investments in senior housing operations. In October 2012, Emeritus Corp announced that HCP closed the acquisition of 127 of the 133 senior housing communities. In February 2014, Kindred Healthcare Incs subsidiaries completed the acquisition of real estate associated with two nursing centers which it leases from HCP.