Prudential Financial Inc. increased its position in shares of HCP Inc. (NYSE:HCP) by 39.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,840,973 shares of the real estate investment trust’s stock after buying an additional 801,528 shares during the period. Prudential Financial Inc. owned 0.61% of HCP worth $107,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HCP. Global X Management Co. LLC boosted its position in shares of HCP by 158.8% in the third quarter. Global X Management Co. LLC now owns 29,102 shares of the real estate investment trust’s stock worth $1,104,000 after buying an additional 17,856 shares during the last quarter. Sei Investments Co. boosted its position in shares of HCP by 169.2% in the third quarter. Sei Investments Co. now owns 410,651 shares of the real estate investment trust’s stock worth $15,584,000 after buying an additional 258,081 shares during the last quarter. Rand Wealth LLC boosted its position in shares of HCP by 2.1% in the third quarter. Rand Wealth LLC now owns 47,712 shares of the real estate investment trust’s stock worth $1,811,000 after buying an additional 1,000 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of HCP by 2.6% in the third quarter. UBS Asset Management Americas Inc. now owns 2,567,866 shares of the real estate investment trust’s stock worth $97,451,000 after buying an additional 64,759 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of HCP by 32.8% in the third quarter. M&T Bank Corp now owns 104,063 shares of the real estate investment trust’s stock worth $3,949,000 after buying an additional 25,704 shares during the last quarter. 92.07% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

HCP Inc. (NYSE:HCP) opened at 29.60 on Wednesday. HCP Inc. has a 12 month low of $22.87 and a 12 month high of $36.82. The firm’s market capitalization is $13.85 billion. The company has a 50 day moving average price of $30.73 and a 200 day moving average price of $32.83.

HCP (NYSE:HCP) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm earned $654.30 million during the quarter, compared to the consensus estimate of $634.11 million. HCP had a negative return on equity of 0.32% and a negative net margin of 1.16%. During the same period last year, the company earned $0.79 earnings per share. Analysts anticipate that HCP Inc. will post $2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $1.48 annualized dividend and a yield of 5.00%. HCP’s dividend payout ratio is presently -1,850.00%.

TRADEMARK VIOLATION WARNING: “Prudential Financial Inc. Has $107,816,000 Position in HCP Inc. (HCP)” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/30/prudential-financial-inc-has-107816000-position-in-hcp-inc-hcp.html.

A number of research analysts have issued reports on the company. Mizuho raised HCP from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $32.00 in a report on Monday, November 21st. Vetr raised HCP from a “buy” rating to a “strong-buy” rating and set a $32.83 price target for the company in a report on Monday, November 21st. RBC Capital Markets raised HCP from an “underperform” rating to a “sector perform” rating and cut their price target for the company from $35.00 to $30.00 in a report on Friday, November 4th. Royal Bank Of Canada raised HCP from an “underperform” rating to a “sector perform” rating and cut their price target for the company from $35.00 to $30.00 in a report on Friday, November 4th. Finally, Stifel Nicolaus raised HCP from a “sell” rating to a “hold” rating and cut their price target for the company from $33.00 to $31.00 in a report on Wednesday, November 2nd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.33.

In other HCP news, insider Thomas D. Kirby sold 3,000 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $40.24, for a total value of $120,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.

HCP Company Profile

HCP, Inc (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital.

5 Day Chart for NYSE:HCP

Receive News & Stock Ratings for HCP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP Inc. and related stocks with our FREE daily email newsletter.