First Allied Advisory Services Inc. Has $1.46 Million Position in HCP, Inc. (HCP)
First Allied Advisory Services Inc. lifted its stake in shares of HCP, Inc. (NYSE:HCP) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,666 shares of the real estate investment trust’s stock after buying an additional 2,460 shares during the quarter. First Allied Advisory Services Inc.’s holdings in HCP were worth $1,460,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of HCP by 28.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock valued at $4,285,000 after buying an additional 26,473 shares during the period. Willingdon Wealth Management raised its holdings in shares of HCP by 3.1% during the 2nd quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock valued at $1,372,000 after buying an additional 1,272 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of HCP by 18.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,043 shares of the real estate investment trust’s stock valued at $3,677,000 after buying an additional 17,536 shares during the period. CIBC World Markets Inc. raised its holdings in shares of HCP by 335.5% during the 2nd quarter. CIBC World Markets Inc. now owns 42,640 shares of the real estate investment trust’s stock valued at $1,363,000 after buying an additional 32,849 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of HCP during the 2nd quarter valued at about $1,560,000. Institutional investors and hedge funds own 89.60% of the company’s stock.
Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. Bank of America Corporation downgraded HCP from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $31.00 in a report on Friday, September 22nd. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Sunday, September 17th. BMO Capital Markets reiterated a “hold” rating and set a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $30.00 target price on shares of HCP in a report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.41.
Shares of HCP, Inc. (NYSE HCP) traded down 0.07% during midday trading on Friday, reaching $27.83. The company’s stock had a trading volume of 3,756,945 shares. The stock’s 50-day moving average is $29.61 and its 200 day moving average is $30.98. The stock has a market capitalization of $13.05 billion, a P/E ratio of 18.97 and a beta of 0.38. HCP, Inc. has a 12 month low of $27.61 and a 12 month high of $36.16.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The business had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. On average, analysts expect that HCP, Inc. will post $1.35 earnings per share for the current fiscal year.
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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