HCP, Inc. (HCP) Stake Raised by MML Investors Services LLC

MML Investors Services LLC raised its holdings in HCP, Inc. (NYSE:HCP) by 42.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,856 shares of the real estate investment trust’s stock after buying an additional 8,248 shares during the quarter. MML Investors Services LLC’s holdings in HCP were worth $733,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Midwest Bank Trust Division grew its position in shares of HCP by 20.6% in the 3rd quarter. First Midwest Bank Trust Division now owns 34,617 shares of the real estate investment trust’s stock worth $911,000 after buying an additional 5,922 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of HCP by 17.6% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 46,336 shares of the real estate investment trust’s stock worth $1,727,000 after buying an additional 6,938 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of HCP by 51.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 240,759 shares of the real estate investment trust’s stock worth $6,216,000 after buying an additional 81,593 shares during the last quarter. Glen Harbor Capital Management LLC grew its position in shares of HCP by 3.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 188,530 shares of the real estate investment trust’s stock worth $4,868,000 after buying an additional 5,848 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of HCP by 3.5% in the 2nd quarter. Swiss National Bank now owns 1,552,121 shares of the real estate investment trust’s stock worth $40,076,000 after buying an additional 52,900 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

A number of brokerages have recently weighed in on HCP. Robert W. Baird lifted their price objective on HCP from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Zacks Investment Research reiterated a “sell” rating on shares of HCP in a research report on Tuesday, November 13th. Morgan Stanley lifted their price objective on HCP from $23.50 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 16th. Cantor Fitzgerald lifted their price objective on HCP from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, November 1st. Finally, Mizuho reiterated a “buy” rating and issued a $29.00 price objective on shares of HCP in a research report on Monday, August 13th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.75.

HCP opened at $29.26 on Friday. The company has a market capitalization of $13.53 billion, a PE ratio of 15.01, a PEG ratio of 7.26 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.48 and a quick ratio of 0.48. HCP, Inc. has a 52 week low of $21.48 and a 52 week high of $29.32.

HCP (NYSE:HCP) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.10. The company had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $456.59 million. HCP had a return on equity of 3.06% and a net margin of 9.16%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. As a group, research analysts expect that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Friday, November 2nd. HCP’s payout ratio is presently 75.90%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/12/01/hcp-inc-hcp-stake-raised-by-mml-investors-services-llc.html.

About HCP

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.

Featured Article: What are the benefits of a balanced fund?

Institutional Ownership by Quarter for HCP (NYSE:HCP)

Receive News & Ratings for HCP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit