Tekla Capital Management LLC Continues to Hold Stake in HCP, Inc. (HCP)
Tekla Capital Management LLC held its position in shares of HCP, Inc. (NYSE:HCP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,500 shares of the real estate investment trust’s stock at the close of the second quarter. Tekla Capital Management LLC’s holdings in HCP were worth $1,454,000 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 increased its stake in shares of 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 purchasing an additional 1,272 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of 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 purchasing an additional 17,536 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of HCP in the second quarter worth $1,560,000. Finally, CIBC World Markets Inc. increased its stake in shares of 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 purchasing an additional 32,849 shares in the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.
HCP, Inc. (NYSE HCP) traded down 0.07% during trading on Friday, reaching $27.83. 3,756,945 shares of the company traded hands. The firm has a 50-day moving average price of $29.61 and a 200-day moving average price of $30.98. The company has a market capitalization of $13.05 billion, a P/E ratio of 18.97 and a beta of 0.38. HCP, Inc. has a 52 week low of $27.61 and a 52 week 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 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. Analysts forecast that HCP, Inc. will post $1.35 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Mizuho reissued a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. KeyCorp reissued a “hold” rating on shares of HCP in a research note on Sunday, September 17th. Raymond James Financial, Inc. raised shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Wednesday, June 14th. BidaskClub cut shares of HCP from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of HCP in a research note on Wednesday, September 6th. Three equities research 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 has an average rating of “Hold” and an average target price of $32.41.
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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