Lord Abbett & CO. LLC lifted its position in shares of HCP, Inc. (NYSE:HCP) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,300 shares of the real estate investment trust’s stock after purchasing an additional 2,000 shares during the period. Lord Abbett & CO. LLC’s holdings in HCP were worth $3,813,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. boosted its holdings in shares of HCP by 4.0% during the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 125 shares during the period. Sun Life Financial INC boosted its holdings in shares of HCP by 42,675.0% during the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 3,414 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of HCP by 252.5% during the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,525 shares during the period. Advisory Services Network LLC boosted its holdings in shares of HCP by 4.1% during the second quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 150 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in shares of HCP during the second quarter worth about $172,000. Institutional investors own 89.73% of the company’s stock.
HCP, Inc. (NYSE:HCP) opened at 25.60 on Tuesday. HCP, Inc. has a 52 week low of $25.08 and a 52 week high of $34.46. The company has a market cap of $12.01 billion, a P/E ratio of 17.45 and a beta of 0.38. The firm’s 50 day moving average is $27.35 and its 200-day moving average is $30.15.
HCP (NYSE:HCP) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter in the prior year, the company earned $0.71 EPS. The company’s revenue was down 14.8% compared to the same quarter last year. On average, analysts predict that HCP, Inc. will post $1.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.48 annualized dividend and a dividend yield of 5.78%. HCP’s payout ratio is presently 102.07%.
A number of analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price on shares of HCP in a report on Wednesday, October 4th. BMO Capital Markets reiterated a “hold” rating and set a $28.00 target price on shares of HCP in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Tuesday, October 17th. BidaskClub lowered shares of HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of HCP from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $32.00 in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.98.
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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