BerganKDV Wealth Management LLC decreased its position in HCP, Inc. (NYSE:HCP) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,923 shares of the real estate investment trust’s stock after selling 3,867 shares during the period. BerganKDV Wealth Management LLC’s holdings in HCP were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Peoples Financial Services CORP. acquired a new position in shares of HCP during the third quarter worth $114,000. Washington Trust Bank increased its position in HCP by 39.5% in the third quarter. Washington Trust Bank now owns 3,842 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,087 shares during the last quarter. Advisory Services Network LLC increased its position in HCP by 29.2% in the second quarter. Advisory Services Network LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 961 shares during the last quarter. Archford Capital Strategies LLC increased its position in HCP by 3,086.7% in the second quarter. Archford Capital Strategies LLC now owns 5,290 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 5,124 shares during the last quarter. Finally, Jag Capital Management LLC purchased a new position in HCP during the third quarter valued at approximately $201,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

HCP, Inc. (NYSE:HCP) traded down 0.62% on Friday, reaching $30.22. The company had a trading volume of 2,694,970 shares. The stock’s 50 day moving average price is $29.74 and its 200-day moving average price is $32.60. The stock’s market capitalization is $14.14 billion. HCP, Inc. has a 12-month low of $22.87 and a 12-month high of $36.82.

HCP (NYSE:HCP) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business had revenue of $654.30 million for the quarter, compared to analysts’ expectations of $634.11 million. HCP had a negative net margin of 1.16% and a negative return on equity of 0.32%. During the same quarter last year, the company posted $0.79 EPS. Equities analysts expect that HCP, Inc. will post $1.42 earnings per share for the current fiscal year.

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HCP has been the topic of several research analyst reports. Vetr downgraded HCP from a “buy” rating to a “hold” rating and set a $30.75 price objective on the stock. in a research note on Tuesday, December 20th. Barclays PLC reiterated an “equal weight” rating and issued a $32.00 price objective on shares of HCP in a research note on Thursday, January 5th. RBC Capital Markets set a $30.00 price objective on HCP and gave the company a “hold” rating in a research note on Tuesday, January 3rd. Zacks Investment Research upgraded HCP from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Wednesday, October 5th. Finally, Bank of America upgraded HCP from an “underperform” rating to a “neutral” rating and set a $38.50 price objective on the stock in a research note on Tuesday, October 4th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. HCP has an average rating of “Hold” and a consensus price target of $33.35.

HCP Company Profile

HCP, Inc (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital.

5 Day Chart for NYSE:HCP

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