HCP, Inc. (HCP) Shares Sold by Wells Fargo & Company MN
Wells Fargo & Company MN trimmed its stake in shares of HCP, Inc. (NYSE:HCP) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,672,361 shares of the real estate investment trust’s stock after selling 82,676 shares during the period. Wells Fargo & Company MN owned about 0.36% of HCP worth $53,447,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HCP. Peoples Financial Services CORP. raised its holdings in shares of HCP by 4.0% during the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 125 shares during the period. Founders Capital Management acquired a new stake in HCP in the 1st quarter valued at $106,000. Chicago Partners Investment Group LLC increased its stake in HCP by 252.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,525 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in HCP in the 2nd quarter valued at $172,000. Finally, Soros Fund Management LLC acquired a new stake in HCP in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 89.75% of the company’s stock.
HCP has been the topic of several recent research reports. BidaskClub upgraded shares of HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price target on shares of HCP in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 price target on shares of HCP in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Raymond James Financial, Inc. upgraded shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.84.
Shares of HCP, Inc. (NYSE HCP) opened at 29.45 on Friday. The company has a market cap of $13.81 billion, a P/E ratio of 20.07 and a beta of 0.38. The company’s 50 day moving average is $29.75 and its 200 day moving average is $31.05. HCP, Inc. has a one year low of $27.61 and a one year high of $36.16.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, equities analysts predict that HCP, Inc. will post $1.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.03%. HCP’s dividend payout ratio (DPR) is presently 102.07%.
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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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