First Republic Investment Management Inc. raised its stake in shares of HCP, Inc. (NYSE:HCP) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,571 shares of the real estate investment trust’s stock after buying an additional 18,159 shares during the quarter. First Republic Investment Management Inc.’s holdings in HCP were worth $4,462,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacific Center for Financial Services lifted its stake in shares of HCP by 123.5% during the 4th quarter. Pacific Center for Financial Services now owns 894 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 494 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in shares of HCP during the 1st quarter worth $25,000. Executive Wealth Management LLC purchased a new position in shares of HCP during the 4th quarter worth $30,000. Rational Advisors LLC lifted its stake in shares of HCP by 336.7% during the 4th quarter. Rational Advisors LLC now owns 1,262 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 973 shares during the period. Finally, Pearl River Capital LLC purchased a new position in shares of HCP during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Shares of HCP opened at $30.28 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $14.66 billion, a P/E ratio of 17.24, a PEG ratio of 7.66 and a beta of 0.43. HCP, Inc. has a twelve month low of $22.49 and a twelve month high of $32.23.

HCP (NYSE:HCP) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $436.15 million for the quarter, compared to analyst estimates of $442.20 million. HCP had a return on equity of 18.05% and a net margin of 59.96%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. Equities research analysts expect that HCP, Inc. will post 1.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Monday, May 6th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, May 3rd. HCP’s dividend payout ratio (DPR) is currently 81.32%.

A number of brokerages have weighed in on HCP. Morgan Stanley set a $32.00 price target on HCP and gave the stock a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research raised HCP from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. TheStreet raised HCP from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. BMO Capital Markets reissued a “buy” rating and set a $33.00 price target on shares of HCP in a research note on Wednesday, February 13th. Finally, Robert W. Baird raised HCP from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $28.95.

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About HCP

HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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