Kemper Corp Master Retirement Trust trimmed its stake in shares of HCP, Inc. (NYSE:HCP) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,425 shares of the real estate investment trust’s stock after selling 1,125 shares during the quarter. Kemper Corp Master Retirement Trust’s holdings in HCP were worth $813,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCP. BlackRock Inc. grew its stake in HCP by 1,680.5% during the 1st quarter. BlackRock Inc. now owns 45,980,843 shares of the real estate investment trust’s stock worth $1,438,282,000 after purchasing an additional 43,398,323 shares in the last quarter. Vanguard Group Inc. grew its stake in HCP by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 67,505,742 shares of the real estate investment trust’s stock worth $2,111,579,000 after purchasing an additional 1,557,716 shares in the last quarter. Morgan Stanley grew its stake in HCP by 108.0% during the 1st quarter. Morgan Stanley now owns 2,873,563 shares of the real estate investment trust’s stock worth $89,886,000 after purchasing an additional 1,492,099 shares in the last quarter. Royal Bank of Canada grew its stake in HCP by 353.7% during the 2nd quarter. Royal Bank of Canada now owns 1,826,053 shares of the real estate investment trust’s stock worth $58,362,000 after purchasing an additional 1,423,582 shares in the last quarter. Finally, Cbre Clarion Securities LLC grew its stake in HCP by 18.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 9,223,958 shares of the real estate investment trust’s stock worth $294,798,000 after purchasing an additional 1,413,760 shares in the last quarter. 89.60% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts recently commented on HCP shares. UBS AG raised HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Raymond James Financial, Inc. raised HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Wednesday, June 14th. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of HCP in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $31.00 price objective on shares of HCP in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.27.
HCP, Inc. (HCP) traded down 0.81% during mid-day trading on Friday, hitting $26.92. The stock had a trading volume of 3,510,297 shares. The company has a 50-day moving average of $28.90 and a 200-day moving average of $30.74. The firm has a market cap of $12.62 billion, a PE ratio of 18.35 and a beta of 0.38. HCP, Inc. has a 12-month low of $26.47 and a 12-month high of $34.02.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. Analysts expect that HCP, Inc. will post $1.35 earnings per share 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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