M&R Capital Management Inc. lowered its holdings in HCP, Inc. (NYSE:HCP) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,631 shares of the real estate investment trust’s stock after selling 749 shares during the quarter. M&R Capital Management Inc.’s holdings in HCP were worth $223,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HCP. Peoples Financial Services CORP. increased its stake in HCP by 4.0% in the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 125 shares during the period. Sun Life Financial INC increased its stake in HCP by 42,675.0% in the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 3,414 shares during the period. Chicago Partners Investment Group LLC increased its stake in HCP by 252.5% in the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,525 shares during the period. ClariVest Asset Management LLC bought a new stake in HCP in the second quarter valued at about $172,000. Finally, Soros Fund Management LLC bought a new stake in HCP in the first quarter valued at about $200,000. 89.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of HCP, Inc. (NYSE HCP) traded up 0.53% during trading on Wednesday, reaching $26.58. 756,490 shares of the company traded hands. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 20.93 and a beta of 0.38. HCP, Inc. has a 12-month low of $26.28 and a 12-month high of $37.35. The company has a 50 day moving average price of $28.76 and a 200 day moving average price of $30.69.
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, topping the Zacks’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm had revenue of $458.90 million for the quarter, compared to analyst estimates of $456.29 million. During the same period in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, equities analysts predict that HCP, Inc. will post $1.35 EPS for the current year.
HCP has been the topic of several research analyst reports. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Raymond James Financial, Inc. raised shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Wednesday, June 14th. BidaskClub raised shares of HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reaffirmed a “neutral” rating on shares of HCP in a research note 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 note on Wednesday, July 5th. 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 stock. HCP has a consensus rating of “Hold” and a consensus target price of $31.27.
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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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