HighTower Advisors LLC decreased its position in shares of HCP, Inc. (NYSE:HCP) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,777 shares of the real estate investment trust’s stock after selling 236 shares during the quarter. HighTower Advisors LLC’s holdings in HCP were worth $2,108,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of HCP. AXA grew its position in shares of HCP by 52.3% during the 1st quarter. AXA now owns 10,932 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 3,756 shares in the last quarter. LMR Partners LLP grew its position in shares of HCP by 101.9% during the 1st quarter. LMR Partners LLP now owns 31,555 shares of the real estate investment trust’s stock worth $988,000 after buying an additional 15,927 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of HCP by 260.5% during the 1st quarter. Rafferty Asset Management LLC now owns 84,880 shares of the real estate investment trust’s stock worth $2,655,000 after buying an additional 61,338 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of HCP by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 756,926 shares of the real estate investment trust’s stock worth $23,676,000 after buying an additional 63,002 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of HCP by 34.9% during the 1st quarter. Wellington Management Group LLP now owns 252,598 shares of the real estate investment trust’s stock worth $7,902,000 after buying an additional 65,410 shares in the last quarter. 89.60% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Mizuho reissued a “neutral” rating on shares of HCP in a research report on Wednesday, June 28th. KeyCorp restated a “hold” rating on shares of HCP in a research note on Sunday, September 17th. Raymond James Financial, Inc. upgraded HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Wednesday, June 14th. BidaskClub cut HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and an average target price of $31.27.
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HCP, Inc. (NYSE:HCP) opened at 26.92 on Friday. The stock has a 50 day moving average price of $28.90 and a 200 day moving average price of $30.74. The stock has a market capitalization of $12.62 billion, a PE ratio of 18.35 and a beta of 0.38. HCP, Inc. has a 52 week low of $26.47 and a 52 week high of $34.02.
HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. During the same period in the previous year, the business earned $0.71 EPS. The business’s quarterly revenue was down 14.8% on a year-over-year basis. Equities analysts forecast that HCP, Inc. will post $1.35 EPS for the current year.
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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