Chevy Chase Trust Holdings Inc. Has $12.97 Million Stake in HCP, Inc. (HCP)
Chevy Chase Trust Holdings Inc. raised its position in HCP, Inc. (NYSE:HCP) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 405,898 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in HCP were worth $12,972,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Founders Capital Management acquired a new position in shares of HCP during the first quarter worth about $106,000. Advisory Services Network LLC acquired a new position in shares of HCP during the first quarter worth about $114,000. Nwam LLC acquired a new position in shares of HCP during the first quarter worth about $200,000. Soros Fund Management LLC acquired a new position in shares of HCP during the first quarter worth about $200,000. Finally, Genesee Valley Trust Co. acquired a new position in shares of HCP during the first quarter worth about $201,000. 88.27% of the stock is owned by institutional investors and hedge funds.
Shares of HCP, Inc. (NYSE:HCP) opened at 31.76 on Monday. The company has a market cap of $14.88 billion, a PE ratio of 15.31 and a beta of 0.37. HCP, Inc. has a 1-year low of $27.61 and a 1-year high of $40.43. The company has a 50 day moving average of $31.89 and a 200 day moving average of $31.03.
HCP (NYSE:HCP) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. HCP had a net margin of 41.38% and a return on equity of 12.39%. The business had revenue of $492.16 million for the quarter, compared to analyst estimates of $514.82 million. During the same quarter in the prior year, the business earned $0.69 EPS. HCP’s quarterly revenue was down 5.4% on a year-over-year basis. Equities analysts expect that HCP, Inc. will post $1.28 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the company. UBS AG upgraded HCP from an “underperform” rating to an “outperform” rating in a research report on Wednesday, June 14th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective on shares of HCP in a research report on Friday. BidaskClub downgraded HCP from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price objective on shares of HCP in a research report on Friday, May 12th. Finally, Mizuho reiterated a “neutral” rating on shares of HCP in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.55.
In other HCP news, insider Thomas Klaritch sold 2,651 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total value of $83,586.03. Following the completion of the sale, the insider now owns 176,830 shares of the company’s stock, valued at approximately $5,575,449.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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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