Commonwealth Bank of Australia lifted its position in HCP, Inc. (NYSE:HCP) by 42.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,923 shares of the real estate investment trust’s stock after purchasing an additional 21,594 shares during the quarter. Commonwealth Bank of Australia’s holdings in HCP were worth $2,298,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in HCP. Private Advisor Group LLC grew its holdings in HCP by 5.6% during the second quarter. Private Advisor Group LLC now owns 35,878 shares of the real estate investment trust’s stock worth $1,108,000 after acquiring an additional 1,892 shares during the period. IFM Investors Pty Ltd acquired a new stake in HCP during the second quarter worth about $464,000. Sheaff Brock Investment Advisors LLC acquired a new stake in HCP during the second quarter worth about $273,000. Armor Investment Advisors LLC grew its holdings in HCP by 3.4% during the second quarter. Armor Investment Advisors LLC now owns 12,241 shares of the real estate investment trust’s stock worth $391,000 after acquiring an additional 400 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in HCP by 28.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock worth $4,285,000 after acquiring an additional 26,473 shares during the period. Hedge funds and other institutional investors own 89.75% of the company’s stock.
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Shares of HCP, Inc. (NYSE:HCP) opened at 30.33 on Tuesday. The stock has a 50 day moving average price of $29.99 and a 200-day moving average price of $31.12. HCP, Inc. has a 52 week low of $27.61 and a 52 week high of $36.16. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 20.67 and a beta of 0.38.
HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $458.90 million for the quarter, compared to analysts’ expectations of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The company’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, analysts anticipate that HCP, Inc. will post $1.35 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Thursday, August 3rd. HCP’s dividend payout ratio is currently 102.07%.
Several analysts recently commented on HCP shares. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 target price on shares of HCP in a report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 target price on shares of HCP in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.84.
HCP Company 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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