HCP, Inc. (NYSE:HCP) COO Thomas Klaritch sold 82,532 shares of HCP stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $29.51, for a total value of $2,435,519.32. Following the completion of the transaction, the chief operating officer now owns 256,280 shares in the company, valued at approximately $7,562,822.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:HCP opened at $29.87 on Friday. HCP, Inc. has a 1 year low of $21.48 and a 1 year high of $30.26. The stock has a market cap of $13.67 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 7.33 and a beta of 0.23. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.21.
HCP (NYSE:HCP) last announced its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. HCP had a return on equity of 3.06% and a net margin of 9.16%. The company had revenue of $456.00 million for the quarter, compared to the consensus estimate of $456.59 million. During the same quarter in the previous year, the business earned $0.48 EPS. HCP’s revenue was up .4% compared to the same quarter last year. On average, analysts expect that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Monday, November 5th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 4.95%. HCP’s dividend payout ratio is presently 75.90%.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of HCP by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 75,247,949 shares of the real estate investment trust’s stock worth $1,980,527,000 after acquiring an additional 196,049 shares during the period. Cohen & Steers Inc. grew its holdings in shares of HCP by 317.6% during the 3rd quarter. Cohen & Steers Inc. now owns 16,962,610 shares of the real estate investment trust’s stock worth $446,456,000 after acquiring an additional 12,900,457 shares during the period. Security Capital Research & Management Inc. grew its holdings in shares of HCP by 20.2% during the 2nd quarter. Security Capital Research & Management Inc. now owns 12,680,529 shares of the real estate investment trust’s stock worth $327,411,000 after acquiring an additional 2,129,250 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of HCP by 8,304.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,977,168 shares of the real estate investment trust’s stock worth $236,279,000 after acquiring an additional 8,870,358 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of HCP by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,178,265 shares of the real estate investment trust’s stock worth $185,341,000 after acquiring an additional 100,296 shares during the period. Institutional investors own 90.00% of the company’s stock.
Several research analysts have recently commented on HCP shares. Mizuho reiterated a “buy” rating and issued a $29.00 price objective on shares of HCP in a report on Monday, August 13th. ValuEngine upgraded HCP from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Bank of America lifted their price objective on HCP from $27.50 to $28.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Morgan Stanley lifted their price objective on HCP from $23.50 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, August 16th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $27.00 price objective on shares of HCP in a report on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and an average price target of $26.75.
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HCP Company Profile
HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.
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