Jefferies Group Upgraded HCP, Inc. (HCP)


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


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