Chicago Partners Investment Group LLC boosted its position in shares of HCP, Inc. (NYSE:HCP) by 252.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,525 shares of the real estate investment trust’s stock after buying an additional 2,525 shares during the period. Chicago Partners Investment Group LLC’s holdings in HCP were worth $113,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Peoples Financial Services CORP. boosted its stake in HCP by 4.0% in the second quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 125 shares during the last quarter. Founders Capital Management acquired a new stake in shares of HCP during the first quarter valued at $106,000. Advisory Services Network LLC purchased a new position in HCP during the first quarter valued at about $114,000. Nwam LLC purchased a new position in HCP during the first quarter valued at about $200,000. Finally, Soros Fund Management LLC purchased a new position in HCP during the first quarter valued at about $200,000. 88.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of HCP, Inc. (HCP) traded down 1.20% during mid-day trading on Friday, hitting $28.85. 2,694,241 shares of the stock were exchanged. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 19.67 and a beta of 0.37. HCP, Inc. has a 52-week low of $27.61 and a 52-week high of $40.43. The stock has a 50-day moving average price of $30.83 and a 200 day moving average price of $31.23.
HCP (NYSE:HCP) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $458.90 million during the quarter, compared to the consensus estimate of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. HCP’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, equities research analysts expect that HCP, Inc. will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Monday, August 7th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Thursday, August 3rd. HCP’s dividend payout ratio is presently 102.07%.
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Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price objective on shares of HCP in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Mitsubishi UFJ Financial Group assumed coverage on shares of HCP in a research report on Friday, April 21st. They issued a “hold” rating and a $32.00 price objective for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price objective on shares of HCP in a research report on Wednesday, July 5th. Finally, Raymond James Financial, Inc. raised 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 research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $33.42.
In other news, insider Thomas Klaritch sold 2,651 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total transaction of $83,586.03. Following the completion of the transaction, the insider now directly owns 176,830 shares of the company’s stock, valued at $5,575,449.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.
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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