Why HashiCorp, Inc. (HCP) is a Top Momentum Stock for the Long-Term
HashiCorpHashiCorp(US:HCP) ZACKS·2024-06-24 14:55

Company Overview - HCP, Inc. is a real estate investment trust (REIT) based in Irvine, CA, focusing on healthcare real estate properties, with operations divided into four segments: senior housing triple-net, senior housing operating portfolio (SHOP), life science, and medical office [5] - As of June 30, 2019, HCP's portfolio included interests in 745 properties, demonstrating a diverse investment strategy within the healthcare sector [5] Investment Ratings - HCP is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of B, indicating a moderate investment potential [21] - The Zacks Rank model has shown that 1 (Strong Buy) stocks have produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [3] Earnings Estimates - In the last 60 days, three analysts have revised HCP's earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.03 to $0.09 per share [26] - HCP has an impressive average earnings surprise of 302.1%, suggesting strong performance relative to market expectations [26] Style Scores - HCP has a strong Momentum Style Score of A, with shares having increased by 0.1% over the past four weeks, indicating positive momentum in its stock performance [15] - The Zacks Style Scores categorize stocks based on value, growth, and momentum, helping investors identify stocks with the highest chances of outperforming the market [7][10]