Carnegie Capital Asset Management LLC cut its holdings in HCP, Inc. (NYSE:HCP) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,661 shares of the real estate investment trust’s stock after selling 3,075 shares during the period. Carnegie Capital Asset Management LLC’s holdings in HCP were worth $2,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in HCP by 28.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock worth $4,285,000 after acquiring an additional 26,473 shares during the period. Willingdon Wealth Management raised its position in HCP by 3.1% in the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock worth $1,372,000 after acquiring an additional 1,272 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in HCP by 18.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,043 shares of the real estate investment trust’s stock worth $3,677,000 after acquiring an additional 17,536 shares during the period. OMERS ADMINISTRATION Corp bought a new position in HCP in the second quarter worth approximately $1,560,000. Finally, CIBC World Markets Inc. raised its position in HCP by 335.5% in the second quarter. CIBC World Markets Inc. now owns 42,640 shares of the real estate investment trust’s stock worth $1,363,000 after acquiring an additional 32,849 shares during the period. Institutional investors and hedge funds own 89.60% of the company’s stock.

Shares of HCP, Inc. (NYSE HCP) traded up 0.58% during mid-day trading on Thursday, reaching $27.82. 597,348 shares of the company’s stock were exchanged. The company’s 50 day moving average is $29.61 and its 200 day moving average is $30.98. HCP, Inc. has a 1-year low of $27.57 and a 1-year high of $36.16. The stock has a market capitalization of $13.05 billion, a PE ratio of 18.96 and a beta of 0.38.

HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts anticipate that HCP, Inc. will post $1.35 EPS for the current fiscal year.

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HCP has been the topic of several recent research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price target on shares of HCP in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $32.00 price objective on shares of HCP in a research report on Wednesday, September 6th. Raymond James Financial, Inc. upgraded shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Wednesday, June 14th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $31.00 price objective on shares of HCP in a research report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.41.

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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