CIBC World Markets Inc. increased its stake in HCP, Inc. (NYSE:HCP) by 335.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,640 shares of the real estate investment trust’s stock after buying an additional 32,849 shares during the period. CIBC World Markets Inc.’s holdings in HCP were worth $1,363,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of HCP by 28.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock worth $4,285,000 after buying an additional 26,473 shares during the last quarter. Willingdon Wealth Management increased its stake in shares of HCP by 3.1% in the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock worth $1,372,000 after buying an additional 1,272 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of HCP by 56.7% in the first quarter. Toronto Dominion Bank now owns 126,366 shares of the real estate investment trust’s stock worth $3,952,000 after buying an additional 45,734 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of HCP by 18.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,043 shares of the real estate investment trust’s stock worth $3,677,000 after buying an additional 17,536 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of HCP by 24.9% in the first quarter. Ameriprise Financial Inc. now owns 742,597 shares of the real estate investment trust’s stock worth $23,230,000 after buying an additional 147,812 shares during the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.
HCP, Inc. (NYSE:HCP) opened at 29.54 on Friday. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 20.14 and a beta of 0.38. The stock’s 50 day moving average is $29.82 and its 200 day moving average is $31.07. HCP, Inc. has a 52-week low of $27.61 and a 52-week high of $36.16.
HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The firm had revenue of $458.90 million during the quarter, compared to analyst estimates of $456.29 million. During the same period in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, analysts predict that HCP, Inc. will post $1.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.48 annualized dividend and a yield of 5.01%. HCP’s dividend payout ratio is currently 102.07%.
A number of brokerages recently issued reports on HCP. UBS AG upgraded shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 target price on shares of HCP in a research note on Friday, July 14th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 target price on shares of HCP in a research note on Wednesday, September 6th. BidaskClub lowered shares of HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Mizuho reiterated a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.84.
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HCP Company Profile
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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