Piedmont Investment Advisors LLC lessened its stake in HCP, Inc. (NYSE:HCP) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,650 shares of the real estate investment trust’s stock after selling 15,543 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in HCP were worth $3,920,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Peoples Financial Services CORP. grew its position in shares of HCP by 4.0% during the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 125 shares during the last quarter. Sun Life Financial INC grew its position in shares of HCP by 42,675.0% during the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,414 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in shares of HCP by 252.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,525 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in shares of HCP during the 2nd quarter valued at about $172,000. Finally, Soros Fund Management LLC bought a new stake in shares of HCP during the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 89.61% of the company’s stock.
A number of equities research analysts recently weighed in on HCP shares. BidaskClub raised shares of HCP from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Morgan Stanley lowered their price objective on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, September 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price objective on shares of HCP in a research report on Tuesday, July 25th. KeyCorp reaffirmed a “hold” rating on shares of HCP in a research report on Sunday, September 17th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of HCP in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.27.
HCP, Inc. (HCP) traded down 0.23% during mid-day trading on Friday, reaching $26.37. 2,850,190 shares of the company traded hands. HCP, Inc. has a one year low of $26.26 and a one year high of $34.02. The firm has a market cap of $12.37 billion, a PE ratio of 17.98 and a beta of 0.38. The stock’s 50-day moving average price is $28.51 and its 200-day moving average price is $30.59.
HCP (NYSE:HCP) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The company had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter in the previous year, the company earned $0.71 EPS. HCP’s revenue was down 14.8% on a year-over-year basis. Analysts forecast that HCP, Inc. will post $1.34 earnings per share for the current fiscal year.
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HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
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