HCP, Inc. (HCP) Position Lifted by Sentry Investment Management LLC

Sentry Investment Management LLC lifted its stake in HCP, Inc. (NYSE:HCP) by 39.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,705 shares of the real estate investment trust’s stock after acquiring an additional 7,871 shares during the period. Sentry Investment Management LLC’s holdings in HCP were worth $723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HCP. Advisory Services Network LLC grew its position in shares of 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 buying an additional 150 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of HCP in the 3rd quarter valued at $147,000. Penserra Capital Management LLC purchased a new position in shares of HCP in the 3rd quarter valued at $163,000. Cetera Investment Advisers purchased a new position in shares of HCP in the 2nd quarter valued at $208,000. Finally, Koch Industries Inc. purchased a new position in shares of HCP in the 2nd quarter valued at $208,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of HCP from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Group reissued a “hold” rating and set a $26.00 price objective on shares of HCP in a research report on Tuesday. BMO Capital Markets set a $25.00 price objective on shares of HCP and gave the stock a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of HCP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird lowered their price objective on shares of HCP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, January 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and a consensus price target of $29.23.

Shares of HCP, Inc. (HCP) opened at $21.77 on Thursday. HCP, Inc. has a 52 week low of $21.64 and a 52 week high of $33.67. The company has a market cap of $10,703.31, a price-to-earnings ratio of 11.69, a PEG ratio of 4.16 and a beta of 0.27. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17.

HCP (NYSE:HCP) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 22.37% and a return on equity of 6.87%. The company had revenue of $443.30 million during the quarter, compared to analysts’ expectations of $448.54 million. During the same quarter last year, the business earned $0.59 EPS. The business’s revenue was down 17.9% on a year-over-year basis. equities research analysts expect that HCP, Inc. will post 1.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Wednesday, February 14th. HCP’s dividend payout ratio (DPR) is presently 172.09%.

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HCP 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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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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