Trust Co. of Vermont increased its position in shares of HCP, Inc. (NYSE:HCP) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,243 shares of the real estate investment trust’s stock after buying an additional 3,488 shares during the period. Trust Co. of Vermont’s holdings in HCP were worth $2,821,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HCP. Founders Capital Management acquired a new stake in shares of HCP during the first quarter valued at $106,000. Advisory Services Network LLC acquired a new stake in shares of HCP during the first quarter valued at $114,000. Nwam LLC acquired a new stake in shares of HCP during the first quarter valued at $200,000. Soros Fund Management LLC acquired a new stake in shares of HCP during the first quarter valued at $200,000. Finally, Genesee Valley Trust Co. acquired a new stake in shares of HCP during the first quarter valued at $201,000. 88.93% of the stock is currently owned by institutional investors.

Shares of HCP, Inc. (NYSE:HCP) opened at 29.85 on Monday. HCP, Inc. has a 52-week low of $27.61 and a 52-week high of $40.43. The stock has a market capitalization of $14.00 billion, a PE ratio of 20.35 and a beta of 0.37. The stock has a 50 day moving average price of $32.01 and a 200-day moving average price of $31.31.

HCP (NYSE:HCP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The company had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. During the same period in the previous year, the business earned $0.71 EPS. The company’s revenue was down 14.8% on a year-over-year basis. On average, equities research analysts anticipate that HCP, Inc. will post $1.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Thursday, August 3rd. HCP’s dividend payout ratio (DPR) is currently 102.07%.

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HCP has been the subject of several research analyst reports. BidaskClub upgraded HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and issued a $32.00 price objective on shares of HCP in a research note on Friday, May 12th. Mitsubishi UFJ Financial Group initiated coverage on HCP in a research note on Friday, April 21st. They issued a “hold” rating and a $32.00 price objective for the company. Stifel Nicolaus restated a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Friday, July 14th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and a consensus target price of $33.42.

In related news, insider Thomas Klaritch sold 2,651 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were 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 in the company, valued at $5,575,449.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

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