HCP (NYSE:HCP), A reduction of 2,936,636 shares or 15.1% was observed in the short interest of HCP Inc. The interest on June 15,2016 came in at 16,447,346 shares and as per the average daily trading of 2,514,594 shares, the days to cover are 7. The reduced interest is 3.5% of the floated shares. The data of May 31,2016 put the interest at 19,383,982 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
HCP (NYSE:HCP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.54 and $33.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.23, notching a gain of 0.35% for the day. The total traded volume was 5,904,724 . The stock had closed at $34.11 on the previous day.
The company shares have dropped -6.83% 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 $33.89 and the 200 Day Moving Average price is recorded at $33.92.
HCP (NYSE:HCP) has tumbled 2.7% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.6% in the last four weeks. The stocks have underperformed the S&P 500 by 1.09% during the past week but HCP (NYSE:HCP) it has outperformed the index in 4 weeks by 6.74%.
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.