7.05% to Target, Jefferies Reaffirms “Hold” Rating for HCP (HCP) Stock; Coastway Bancorp (CWAY) Has 0.56 Sentiment

HCP, Inc. (NYSE:HCP) Logo

Equities researchers at Jefferies have $24.0000 target price per share on HCP Inc (NYSE:HCP). Jefferies’s target price per share means a potential upside of 7.05% from the company’s last close price. The rating was revealed to clients and investors in a research report on Friday morning.

Coastway Bancorp Inc (CWAY) investors sentiment decreased to 0.56 in 2017 Q4. It’s down -1.94, from 2.5 in 2017Q3. The ratio worsened, as 5 active investment managers opened new and increased holdings, while 9 sold and reduced equity positions in Coastway Bancorp Inc. The active investment managers in our database now own: 1.57 million shares, up from 1.56 million shares in 2017Q3. Also, the number of active investment managers holding Coastway Bancorp Inc in top ten holdings increased from 0 to 2 for an increase of 2. Sold All: 2 Reduced: 7 Increased: 4 New Position: 1.

The stock increased 0.37% or $0.1 during the last trading session, reaching $27.4. About 2,448 shares traded. Coastway Bancorp, Inc. (CWAY) has risen 61.54% since April 14, 2017 and is uptrending. It has outperformed by 49.99% the S&P500.

Coastway Bancorp, Inc. operates as the bank holding firm for Coastway Community Bank that provides various financial services to individuals, families, and businesses in Rhode Island. The company has market cap of $120.18 million. The companyÂ’s deposit products include certificate of deposit, savings, non-interest-bearing demand deposit, money market, and club accounts. It has a 42.81 P/E ratio. The Company’s loan products comprise one- to four-family residential real estate loans, home equity loans and lines of credit, commercial real estate loans, U.S. small business administration loans, commercial business loans, commercial construction loans, and consumer loans.

Clover Partners L.P. holds 7.47% of its portfolio in Coastway Bancorp, Inc. for 370,100 shares. Seidman Lawrence B owns 214,904 shares or 3.48% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.65% invested in the company for 410,000 shares. The Virginia-based Fj Capital Management Llc has invested 0.32% in the stock. Salzhauer Michael, a New York-based fund reported 10,000 shares.

HCP, Inc. is an independent hybrid real estate investment trust. The company has market cap of $10.68 billion. The fund invests in real estate markets of the United States. It has a 25.48 P/E ratio. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing.

Analysts await HCP, Inc. (NYSE:HCP) to report earnings on May, 1. They expect $0.47 EPS, down 7.84% or $0.04 from last year’s $0.51 per share. HCP’s profit will be $223.85M for 11.93 P/E if the $0.47 EPS becomes a reality. After $0.48 actual EPS reported by HCP, Inc. for the previous quarter, Wall Street now forecasts -2.08% negative EPS growth.

Among 21 analysts covering HCP (NYSE:HCP), 6 have Buy rating, 1 Sell and 14 Hold. Therefore 29% are positive. HCP has $41 highest and $21 lowest target. $29.82’s average target is 33.01% above currents $22.42 stock price. HCP had 77 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Wednesday, June 22 to “Underweight”. On Wednesday, January 6 the stock rating was downgraded by Barclays Capital to “Underweight”. The company was maintained on Monday, July 24 by Jefferies. Jefferies maintained it with “Hold” rating and $28.0 target in Monday, October 23 report. The firm has “Buy” rating given on Monday, April 3 by Bank of America. The stock of HCP, Inc. (NYSE:HCP) earned “Sell” rating by Goldman Sachs on Monday, September 21. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Neutral”. RBC Capital Markets maintained the stock with “Underperform” rating in Friday, November 6 report. The stock of HCP, Inc. (NYSE:HCP) earned “Buy” rating by Stifel Nicolaus on Tuesday, December 5. The firm earned “Hold” rating on Tuesday, August 1 by BMO Capital Markets.

Since February 13, 2018, it had 1 insider buy, and 0 sales for $306,739 activity. 14,000 shares valued at $306,739 were bought by Young Kendall K on Tuesday, February 13.

Coastway Bancorp, Inc. (NASDAQ:CWAY) Institutional Positions Chart