HCP, Inc. (HCP) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of HCP, Inc. (NYSE:HCP) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,812 shares of the real estate investment trust’s stock after acquiring an additional 83 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HCP were worth $1,113,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in HCP by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 23,442,708 shares of the real estate investment trust’s stock worth $749,230,000 after buying an additional 521,915 shares during the period. Oppenheimer Asset Management Inc. increased its position in HCP by 10.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 286,215 shares of the real estate investment trust’s stock worth $9,147,000 after buying an additional 27,123 shares during the period. Oppenheimer & Co. Inc. increased its position in HCP by 0.9% during the second quarter. Oppenheimer & Co. Inc. now owns 55,154 shares of the real estate investment trust’s stock worth $1,762,000 after buying an additional 504 shares during the period. Benchmark Capital Advisors increased its position in HCP by 1.7% during the second quarter. Benchmark Capital Advisors now owns 30,050 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 500 shares during the period. Finally, Delta Lloyd Asset Management N.V. acquired a new position in HCP during the second quarter worth approximately $4,384,000. 89.75% of the stock is currently owned by institutional investors and hedge funds.
HCP has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price target on shares of HCP in a research report on Tuesday, July 25th. Zacks Investment Research lowered HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Raymond James Financial, Inc. raised HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $31.00 price target on shares of HCP in a research report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price target on shares of HCP in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.84.
Shares of HCP, Inc. (NYSE:HCP) opened at 30.33 on Tuesday. HCP, Inc. has a 1-year low of $27.61 and a 1-year high of $36.16. The company has a 50 day moving average price of $29.99 and a 200-day moving average price of $31.12. The stock has a market capitalization of $14.22 billion, a P/E ratio of 20.67 and a beta of 0.38.
HCP (NYSE:HCP) last posted its earnings results on Tuesday, August 1st. 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 return on equity of 9.96% and a net margin of 32.16%. The firm had revenue of $458.90 million for the quarter, compared to analysts’ expectations of $456.29 million. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. On average, equities research analysts forecast that HCP, Inc. will post $1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.88%. The ex-dividend date was Thursday, August 3rd. HCP’s dividend payout ratio is currently 102.07%.
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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