Stratos Wealth Partners LTD. decreased its position in shares of HCP, Inc. (NYSE:HCP) by 11.1% during the second quarter, Holdings Channel reports. The firm owned 8,557 shares of the real estate investment trust’s stock after selling 1,065 shares during the period. Stratos Wealth Partners LTD.’s holdings in HCP were worth $273,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. boosted its position 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 worth $104,000 after buying an additional 125 shares during the period. Founders Capital Management purchased a new position in HCP during the first quarter worth $106,000. Advisory Services Network LLC purchased a new position in HCP during the first quarter worth $114,000. Nwam LLC purchased a new position in HCP during the first quarter worth $200,000. Finally, Soros Fund Management LLC purchased a new position in HCP during the first quarter worth $200,000. Institutional investors own 89.13% of the company’s stock.
Shares of HCP, Inc. (NYSE HCP) opened at 29.19 on Friday. The stock has a 50 day moving average of $31.45 and a 200-day moving average of $31.26. HCP, Inc. has a 12-month low of $27.61 and a 12-month high of $36.82. The company has a market capitalization of $13.69 billion, a P/E ratio of 19.90 and a beta of 0.37.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The company’s revenue was down 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. Equities research analysts forecast that HCP, Inc. will post $1.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.07%. The ex-dividend date is Thursday, August 3rd. HCP’s payout ratio is 102.07%.
A number of research analysts recently weighed in on the stock. UBS AG upgraded shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Stifel Nicolaus restated a “hold” rating and set a $31.00 target price on shares of HCP in a research note on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $33.00 target price on shares of HCP in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) cut shares of HCP from a “buy” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $32.00 in a research note on Monday, July 24th. Finally, BidaskClub cut shares of HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.42.
In other HCP news, insider Thomas Klaritch sold 2,651 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total transaction of $83,586.03. Following the transaction, 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 the SEC website. 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.
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