Voya Investment Management LLC cut its stake in HCP, Inc. (NYSE:HCP) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 255,521 shares of the real estate investment trust’s stock after selling 6,255 shares during the period. Voya Investment Management LLC owned approximately 0.05% of HCP worth $8,166,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Ontario Teachers Pension Plan Board increased its holdings in HCP by 87.2% in the second quarter. Ontario Teachers Pension Plan Board now owns 19,781 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 9,216 shares in the last quarter. Veritable L.P. increased its holdings in HCP by 26.4% in the second quarter. Veritable L.P. now owns 42,748 shares of the real estate investment trust’s stock valued at $1,366,000 after buying an additional 8,924 shares in the last quarter. Global Endowment Management LP purchased a new position in HCP in the second quarter valued at about $2,966,000. Dimensional Fund Advisors LP increased its holdings in HCP by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,538,016 shares of the real estate investment trust’s stock valued at $208,956,000 after buying an additional 189,234 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in HCP by 74.8% in the second quarter. Parametric Portfolio Associates LLC now owns 760,549 shares of the real estate investment trust’s stock valued at $24,307,000 after buying an additional 325,531 shares in the last quarter. 89.61% of the stock is owned by institutional investors.

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HCP has been the subject of a number of research analyst reports. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a report on Wednesday, June 14th. 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 raised shares of HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Mizuho reissued a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.27.

HCP, Inc. (HCP) opened at 26.92 on Monday. HCP, Inc. has a one year low of $26.47 and a one year high of $37.35. The firm has a 50 day moving average of $28.90 and a 200-day moving average of $30.74. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 18.35 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 Zacks’ 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 for the quarter, compared to the consensus estimate of $456.29 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis. Equities research analysts forecast that HCP, Inc. will post $1.35 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

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