M&T Bank Corp reduced its stake in shares of HCP, Inc. (NYSE:HCP) by 21.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,316 shares of the real estate investment trust’s stock after selling 12,657 shares during the period. M&T Bank Corp’s holdings in HCP were worth $1,511,000 at the end of the most recent quarter.

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

HCP, Inc. (HCP) opened at 27.83 on Friday. HCP, Inc. has a 12-month low of $27.61 and a 12-month high of $36.16. The firm has a 50-day moving average of $29.61 and a 200-day moving average of $30.98. The stock has a market cap of $13.05 billion, a PE ratio of 18.97 and a beta of 0.38.

HCP (NYSE:HCP) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts predict that HCP, Inc. will post $1.35 earnings per share for the current fiscal year.

HCP has been the subject of a number of research reports. BidaskClub upgraded shares of HCP from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and set a $33.00 target price on shares of HCP in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and set a $31.00 target price on shares of HCP in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of HCP from a “hold” rating to a “sell” rating in a research report 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 target price for the company in a research report on Wednesday, June 14th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.41.

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HCP 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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