HCP, Inc. (NYSE:HCP) was upgraded by analysts at
Jefferies Group to a “hold” rating in a research report issued to clients and
investors on Tuesday, AnalystRatingsNetwork.com reports.
In related news, EVP James Justin Hutchens bought 10,000
shares of the company’s stock in a transaction that occurred on Wednesday,
February 10th. The shares were purchased at an average cost of $27.47 per
share, with a total value of $274,700.00. Following the transaction, the
executive vice president now directly owns 35,854 shares of the company’s
stock, valued at approximately $984,909.38. The purchase was disclosed in a
legal filing with the SEC, which is available at the SEC website. Also, EVP Darren A. Kowalske bought 3,822
shares of the company’s stock in a transaction that occurred on Thursday,
February 11th. The stock was bought at an average cost of $26.12 per share, for
a total transaction of $99,830.64. The disclosure for this purchase can be
found here.
Source: Newsway21