Nomura Asset Management Co. Ltd. lessened its stake in shares of HCP, Inc. (NYSE:HCP) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 337,500 shares of the real estate investment trust’s stock after selling 41,955 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.07% of HCP worth $9,393,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in shares of HCP by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 39,693 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 110 shares during the last quarter. Advisory Services Network LLC raised its holdings in HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 150 shares in the last quarter. Sandhill Capital Partners LLC raised its holdings in HCP by 1.4% in the 2nd quarter. Sandhill Capital Partners LLC now owns 20,155 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 270 shares in the last quarter. Arizona State Retirement System raised its holdings in HCP by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 116,244 shares of the real estate investment trust’s stock valued at $3,715,000 after acquiring an additional 300 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its holdings in HCP by 0.9% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 35,626 shares of the real estate investment trust’s stock valued at $1,139,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.
Several equities analysts have commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of HCP in a report on Wednesday, September 6th. KeyCorp reaffirmed a “hold” rating on shares of HCP in a report on Sunday, September 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price target on shares of HCP in a report on Tuesday, August 22nd. Bank of America cut HCP from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $31.00 in a report on Friday, September 22nd. Finally, Morgan Stanley dropped their target price on HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, September 25th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.91.
HCP (NYSE:HCP) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. research analysts anticipate that HCP, Inc. will post 1.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a $0.37 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.56%. HCP’s payout ratio is 133.33%.
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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