HCP, Inc. (HCP) Holdings Cut by TD Asset Management Inc.

TD Asset Management Inc. lessened its position in HCP, Inc. (NYSE:HCP) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,537 shares of the real estate investment trust’s stock after selling 9,530 shares during the period. TD Asset Management Inc.’s holdings in HCP were worth $4,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Shell Asset Management Co. boosted its position in shares of HCP by 311.9% in the third quarter. Shell Asset Management Co. now owns 121,033 shares of the real estate investment trust’s stock worth $4,806,000 after purchasing an additional 91,652 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in HCP by 28.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock valued at $4,285,000 after purchasing an additional 26,473 shares in the last quarter. Lazard Asset Management LLC raised its stake in HCP by 52.8% during the second quarter. Lazard Asset Management LLC now owns 88,938 shares of the real estate investment trust’s stock valued at $2,842,000 after purchasing an additional 30,745 shares in the last quarter. CIBC World Markets Inc. raised its stake in HCP by 335.5% during the second quarter. CIBC World Markets Inc. now owns 42,640 shares of the real estate investment trust’s stock valued at $1,363,000 after purchasing an additional 32,849 shares in the last quarter. Finally, Willingdon Wealth Management raised its stake in HCP by 3.1% during the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 1,272 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

HCP, Inc. (HCP) traded up $0.05 on Thursday, reaching $26.61. 1,935,200 shares of the company’s stock were exchanged, compared to its average volume of 3,682,964. HCP, Inc. has a 12 month low of $25.08 and a 12 month high of $33.67. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.17. The stock has a market cap of $12,459.52, a price-to-earnings ratio of 12.89, a PEG ratio of 2.83 and a beta of 0.38.

HCP (NYSE:HCP) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. HCP had a net margin of 27.31% and a return on equity of 8.85%. The company had revenue of $454.00 million during the quarter, compared to analyst estimates of $440.60 million. During the same period last year, the firm posted $0.72 EPS. HCP’s revenue for the quarter was down 14.4% compared to the same quarter last year. equities research analysts anticipate that HCP, Inc. will post 1.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date was Friday, November 3rd. HCP’s dividend payout ratio is presently 133.33%.

HCP has been the topic of several recent research reports. Mizuho upgraded shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, November 2nd. Stifel Nicolaus upgraded shares of HCP from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday. Morgan Stanley dropped their target price on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. Zacks Investment Research upgraded shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, 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. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $30.91.

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About HCP

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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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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