Meadow Creek Investment Management LLC grew its position in shares of HCP, Inc. (NYSE:HCP) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,412 shares of the real estate investment trust’s stock after buying an additional 25,816 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in HCP were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of HCP. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in HCP in the fourth quarter valued at approximately $103,000. Fieldpoint Private Securities LLC acquired a new stake in HCP in the third quarter worth $147,000. Ellington Management Group LLC acquired a new stake in HCP in the fourth quarter worth $232,000. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of HCP during the third quarter worth $234,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of HCP during the fourth quarter worth $244,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HCP traded up $0.04 during midday trading on Friday, hitting $23.20. The stock had a trading volume of 3,723,382 shares, compared to its average volume of 4,226,402. The stock has a market capitalization of $10,891.08, a PE ratio of 11.90, a PEG ratio of 4.27 and a beta of 0.26. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.23. HCP, Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $33.67.
HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $443.30 million during the quarter, compared to analysts’ expectations of $448.54 million. HCP had a net margin of 22.37% and a return on equity of 6.99%. The firm’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. research analysts predict that HCP, Inc. will post 1.81 EPS for the current fiscal year.
In other HCP news, insider Kendall K. Young bought 14,000 shares of HCP stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $21.91 per share, with a total value of $306,740.00. Following the acquisition, the insider now directly owns 48,544 shares of the company’s stock, valued at approximately $1,063,599.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.
HCP has been the topic of a number of research analyst reports. Mizuho set a $26.00 price objective on shares of HCP and gave the stock a “buy” rating in a report on Thursday, February 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 target price (down previously from $29.00) on shares of HCP in a research report on Wednesday, February 14th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research report on Monday, March 26th. UBS reissued a “sell” rating and issued a $21.00 price objective (down previously from $25.00) on shares of HCP in a research report on Wednesday, February 21st. Finally, Wells Fargo decreased their price objective on shares of HCP from $31.00 to $27.00 and set a “market perform” rating for the company in a research report on Tuesday, March 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. HCP presently has an average rating of “Hold” and a consensus target price of $27.50.
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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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