HCP Stock Hits New 52-Week High (HCP) - TheStreet

NEW YORK (

TheStreet

) --

HCP

(NYSE:

HCP

) hit a new 52-week high Friday as it is currently trading at $43.93, above its previous 52-week high of $43.88 with 54,655 shares traded as of 9:35 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

HCP has a market cap of $17.98 billion and is part of the

financial

sector and

real estate

industry. Shares are up 4.6% year to date as of the close of trading on Thursday.

HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. The company has a P/E ratio of 28, above the average real estate industry P/E ratio of 27.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates HCP as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

HCP Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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