HCP, Inc. (HCP) Position Trimmed by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in HCP, Inc. (NYSE:HCP) by 25.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 541,455 shares of the real estate investment trust’s stock after selling 182,637 shares during the period. Franklin Resources Inc. owned about 0.12% of HCP worth $14,121,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HCP. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in HCP in the 4th quarter worth $103,000. Fieldpoint Private Securities LLC bought a new position in HCP in the 3rd quarter worth $147,000. Smith Shellnut Wilson LLC ADV bought a new position in HCP in the 3rd quarter worth $234,000. Cullen Frost Bankers Inc. bought a new position in HCP in the 4th quarter worth $244,000. Finally, Lourd Capital LLC bought a new position in HCP in the 4th quarter worth $259,000. 88.48% of the stock is owned by institutional investors.

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HCP stock opened at $22.29 on Friday. HCP, Inc. has a 1-year low of $21.48 and a 1-year high of $33.67. The company has a market cap of $10,614.12, a PE ratio of 25.92, a price-to-earnings-growth ratio of 4.17 and a beta of 0.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.23.

HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. HCP had a net margin of 22.37% and a return on equity of 6.99%. The business had revenue of $443.30 million during the quarter, compared to the consensus estimate of $448.54 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue was down 17.9% on a year-over-year basis. equities research analysts forecast that HCP, Inc. will post 1.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 6.64%. The ex-dividend date was Wednesday, February 14th. HCP’s dividend payout ratio (DPR) is presently 172.09%.

In other HCP news, insider Kendall K. Young purchased 14,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was purchased at an average price of $21.91 per share, with a total value of $306,740.00. Following the acquisition, the insider now owns 48,544 shares in the company, valued at $1,063,599.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

HCP has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of HCP from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Stifel Nicolaus raised shares of HCP from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, December 5th. UBS reaffirmed a “sell” rating and issued a $21.00 target price (down previously from $25.00) on shares of HCP in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a report on Friday, December 15th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $27.00 target price on shares of HCP in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.50.

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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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