Capital Investment Advisory Services LLC Acquires Shares of 3,641 HCP, Inc. (HCP)

Capital Investment Advisory Services LLC acquired a new position in shares of HCP, Inc. (NYSE:HCP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,641 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HCP. Vanguard Group Inc. increased its stake in shares of HCP by 0.3% in the third quarter. Vanguard Group Inc. now owns 75,247,949 shares of the real estate investment trust’s stock worth $1,980,527,000 after purchasing an additional 196,049 shares in the last quarter. Vanguard Group Inc increased its stake in shares of HCP by 0.3% in the third quarter. Vanguard Group Inc now owns 75,247,949 shares of the real estate investment trust’s stock worth $1,980,527,000 after purchasing an additional 196,049 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of HCP by 317.6% in the third quarter. Cohen & Steers Inc. now owns 16,962,610 shares of the real estate investment trust’s stock worth $446,456,000 after purchasing an additional 12,900,457 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of HCP by 8,304.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,977,168 shares of the real estate investment trust’s stock worth $236,279,000 after purchasing an additional 8,870,358 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of HCP by 1.2% in the third quarter. Legal & General Group Plc now owns 3,690,653 shares of the real estate investment trust’s stock worth $97,108,000 after purchasing an additional 44,998 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

HCP stock opened at $30.39 on Wednesday. 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 12 month low of $21.48 and a 12 month high of $31.65. The company has a market capitalization of $14.85 billion, a PE ratio of 15.58, a PEG ratio of 13.87 and a beta of 0.46.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Tuesday, February 19th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.87%. HCP’s dividend payout ratio (DPR) is currently 75.90%.

In other news, COO Thomas Klaritch sold 82,532 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were 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 directly owns 256,280 shares in the company, valued at $7,562,822.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

HCP has been the subject of several recent research reports. Zacks Investment Research reiterated a “sell” rating on shares of HCP in a research note on Tuesday, November 13th. Royal Bank of Canada upgraded shares of HCP from a “sector perform” rating to an “outperform” rating in a research note on Friday, November 2nd. Robert W. Baird upgraded shares of HCP from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. BMO Capital Markets upgraded shares of HCP from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, January 9th. Finally, Scotiabank initiated coverage on shares of HCP in a research note on Monday, December 10th. They issued an “outperform” rating and a $32.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.39.

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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.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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