Schafer Cullen Capital Management Inc. increased its position in shares of HCP, Inc. (NYSE:HCP) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,749,876 shares of the real estate investment trust’s stock after buying an additional 27,120 shares during the quarter. Schafer Cullen Capital Management Inc. owned 0.59% of HCP worth $87,886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of HCP by 2.4% during the first quarter. Vanguard Group Inc. now owns 67,505,742 shares of the real estate investment trust’s stock worth $2,111,579,000 after buying an additional 1,557,716 shares in the last quarter. BlackRock Inc. grew its holdings in shares of HCP by 1.3% during the second quarter. BlackRock Inc. now owns 46,580,421 shares of the real estate investment trust’s stock worth $1,488,710,000 after buying an additional 599,578 shares in the last quarter. State Street Corp grew its holdings in shares of HCP by 0.3% during the second quarter. State Street Corp now owns 27,363,119 shares of the real estate investment trust’s stock worth $874,524,000 after buying an additional 74,972 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HCP by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 23,442,708 shares of the real estate investment trust’s stock worth $749,230,000 after buying an additional 521,915 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of HCP by 6.9% during the second quarter. Daiwa Securities Group Inc. now owns 10,610,722 shares of the real estate investment trust’s stock worth $339,119,000 after buying an additional 687,228 shares in the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.

A number of research firms recently issued reports on HCP. BidaskClub upgraded HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Mizuho reiterated a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a report on Wednesday, July 5th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and a consensus target price of $31.27.

HCP (NYSE:HCP) last posted its earnings results 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 analyst estimates of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. HCP’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.

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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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