Stock Traders Buy Large Volume of Call Options on HCP (HCP)

HCP, Inc. (NYSE:HCP) saw unusually large options trading activity on Tuesday. Traders bought 3,638 call options on the company. This is an increase of approximately Infinity compared to the average volume of 0 call options.

A number of research firms recently commented on HCP. Goldman Sachs Group, Inc. (The) cut shares of HCP from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $35.00 to $32.00 in a report on Monday, July 24th. Stifel Nicolaus lowered their price target on shares of HCP from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, November 7th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub cut shares of HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Mizuho raised shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.91.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in HCP by 1.3% in the second quarter. BlackRock Inc. now owns 46,580,421 shares of the real estate investment trust’s stock worth $1,488,710,000 after acquiring an additional 599,578 shares in the last quarter. State Street Corp grew its position in HCP by 0.3% in the second quarter. State Street Corp now owns 27,363,119 shares of the real estate investment trust’s stock worth $874,524,000 after acquiring an additional 74,972 shares in the last quarter. JPMorgan Chase & Co. grew its position in HCP by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 23,442,708 shares of the real estate investment trust’s stock worth $749,230,000 after acquiring an additional 521,915 shares in the last quarter. Bank of New York Mellon Corp grew its position in HCP by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 13,127,480 shares of the real estate investment trust’s stock worth $365,337,000 after acquiring an additional 107,826 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in HCP by 15.4% in the third quarter. Daiwa Securities Group Inc. now owns 12,243,041 shares of the real estate investment trust’s stock worth $340,724,000 after acquiring an additional 1,632,319 shares in the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.

HCP (NYSE HCP) opened at $27.01 on Friday. The company has a market cap of $12,670.61, a price-to-earnings ratio of 13.11, a PEG ratio of 2.88 and a beta of 0.36. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP has a 1 year low of $25.08 and a 1 year high of $33.67.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $454.00 million during the quarter, compared to analyst estimates of $440.60 million. HCP had a net margin of 27.31% and a return on equity of 8.85%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. sell-side analysts anticipate that HCP will post 1.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.48%. HCP’s dividend payout ratio (DPR) is currently 133.33%.

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About HCP

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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