HCP, Inc. (HCP) Stake Decreased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. cut its stake in HCP, Inc. (NYSE:HCP) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,258 shares of the real estate investment trust’s stock after selling 1,921 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in HCP were worth $3,261,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in HCP by 27.1% in the fourth quarter. Franklin Resources Inc. now owns 682,155 shares of the real estate investment trust’s stock valued at $20,274,000 after buying an additional 145,430 shares during the period. GSA Capital Partners LLP bought a new stake in HCP during the fourth quarter valued at $350,000. Girard Securities Inc. bought a new stake in HCP during the fourth quarter valued at $1,042,000. Arbor Wealth Management LLC raised its stake in HCP by 1.3% in the fourth quarter. Arbor Wealth Management LLC now owns 109,141 shares of the real estate investment trust’s stock valued at $3,323,000 after buying an additional 1,386 shares during the period. Finally, Sandhill Capital Partners LLC raised its stake in HCP by 14.2% in the fourth quarter. Sandhill Capital Partners LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,665 shares during the period. Hedge funds and other institutional investors own 88.98% of the company’s stock.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

Shares of HCP, Inc. (NYSE:HCP) traded up 0.33% on Tuesday, hitting $32.95. The stock had a trading volume of 1,026,958 shares. The company has a market cap of $15.44 billion, a PE ratio of 15.89 and a beta of 0.42. HCP, Inc. has a 52 week low of $27.61 and a 52 week high of $40.43. The stock’s 50-day moving average price is $31.32 and its 200 day moving average price is $30.85.

HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. HCP had a return on equity of 12.39% and a net margin of 41.38%. The company had revenue of $492.16 million during the quarter, compared to analysts’ expectations of $514.82 million. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. On average, analysts predict that HCP, Inc. will post $1.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 23rd. Stockholders of record on Monday, May 8th were given a $0.37 dividend. The ex-dividend date was Thursday, May 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.51%. HCP’s payout ratio is 72.20%.

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Several equities research analysts recently weighed in on the company. Mitsubishi UFJ Financial Group assumed coverage on HCP in a report on Friday, April 21st. They issued a “hold” rating and a $32.00 target price for the company. Evercore ISI lowered HCP from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Mizuho lowered HCP from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $32.00 in a report on Tuesday, April 11th. Raymond James Financial, Inc. upgraded HCP from an “underperform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Wednesday, June 14th. Finally, Bank of America Corporation upgraded HCP from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.25 to $35.00 in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.18.

In other news, insider Thomas Klaritch sold 2,651 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total value of $83,586.03. Following the completion of the sale, the insider now directly owns 176,830 shares of the company’s stock, valued at $5,575,449.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HCP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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