First City Capital Management Inc. bought a new position in shares of HCP, Inc. (NYSE:HCP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,612 shares of the real estate investment trust’s stock, valued at approximately $212,000.

A number of other hedge funds have also bought and sold shares of the business. Peoples Financial Services CORP. grew its stake in shares of 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 valued at $104,000 after buying an additional 125 shares in the last quarter. Sun Life Financial INC grew its stake in HCP by 42,675.0% during the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in HCP by 252.5% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Advisory Services Network LLC grew its stake in HCP by 4.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 150 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new position in HCP during the 2nd quarter worth $172,000. 89.73% of the stock is owned by institutional investors.

HCP, Inc. (HCP) traded up $27.02 during trading on Friday, hitting $27.02. The stock had a trading volume of 2,264,403 shares, compared to its average volume of 3,412,206,

The firm has a market capitalization of $$12,642.47, a PE ratio of 13.08 and a beta of 0.36. The firm has a market capitalization of $$12,642.47 and a PE ratio of 13.08.

HCP (NYSE:HCP) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. HCP had a net margin of 27.31% and a return on equity of 8.85%. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.60 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. research analysts anticipate that HCP, Inc. will post 1.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Monday, November 6th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Friday, November 3rd. HCP’s dividend payout ratio (DPR) is 133.33%.

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Several research analysts recently commented on the company. Mizuho raised HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday. BMO Capital Markets reissued a “hold” rating and set a $28.00 target price on shares of HCP in a research note on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of HCP in a research note on Tuesday, October 17th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 target price on shares of HCP in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.98.

HCP Company 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.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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