Whittier Trust Co. Maintains Position in HCP, Inc. (HCP)
Whittier Trust Co. maintained its stake in shares of HCP, Inc. (NYSE:HCP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,847 shares of the real estate investment trust’s stock at the end of the third quarter. Whittier Trust Co.’s holdings in HCP were worth $298,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in HCP. State Street Corp boosted its stake in shares of HCP by 12.0% in the second quarter. State Street Corp now owns 39,551,521 shares of the real estate investment trust’s stock worth $1,399,338,000 after buying an additional 4,237,902 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of HCP by 9.7% in the second quarter. Cohen & Steers Inc. now owns 40,390,203 shares of the real estate investment trust’s stock worth $1,429,005,000 after buying an additional 3,565,515 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of HCP by 119.5% in the second quarter. Franklin Resources Inc. now owns 5,484,225 shares of the real estate investment trust’s stock worth $194,032,000 after buying an additional 2,986,095 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of HCP by 156.2% in the third quarter. Teachers Advisors LLC now owns 3,895,488 shares of the real estate investment trust’s stock worth $147,834,000 after buying an additional 2,374,810 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its stake in shares of HCP by 19.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 14,345,204 shares of the real estate investment trust’s stock worth $544,400,000 after buying an additional 2,373,840 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.
HCP, Inc. (NYSE:HCP) traded down 0.62% on Friday, reaching $30.22. The company’s stock had a trading volume of 2,694,970 shares. The company’s market cap is $14.14 billion. HCP, Inc. has a 12 month low of $22.87 and a 12 month high of $36.82. The company has a 50-day moving average price of $29.76 and a 200 day moving average price of $32.59.
HCP (NYSE:HCP) last posted 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 firm had revenue of $654.30 million for the quarter, compared to analyst estimates of $634.11 million. HCP had a negative return on equity of 0.32% and a negative net margin of 1.16%. During the same quarter in the previous year, the firm earned $0.79 EPS. On average, equities research analysts anticipate that HCP, Inc. will post $1.42 EPS for the current fiscal year.
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A number of brokerages have issued reports on HCP. Argus reaffirmed a “hold” rating on shares of HCP in a research report on Sunday, September 18th. Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 target price on shares of HCP in a research report on Thursday, January 5th. Vetr cut HCP from a “buy” rating to a “hold” rating and set a $31.53 target price for the company. in a research report on Monday, December 12th. RBC Capital Markets set a $30.00 target price on HCP and gave the stock a “hold” rating in a research report on Tuesday, January 3rd. Finally, Mizuho raised HCP from a “neutral” rating to a “buy” rating and upped their target price for the stock from $31.00 to $32.00 in a research report on Monday, November 21st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. HCP currently has an average rating of “Hold” and an average target price of $33.35.
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.
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