Renaissance Technologies LLC boosted its holdings in shares of HCP, Inc. (NYSE:HCP) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 137,300 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the period. Renaissance Technologies LLC’s holdings in HCP were worth $3,545,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec lifted its stake in HCP by 2.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 124,840 shares of the real estate investment trust’s stock worth $3,223,000 after purchasing an additional 3,100 shares during the last quarter. Korea Investment CORP increased its holdings in shares of HCP by 156.3% in the second quarter. Korea Investment CORP now owns 91,823 shares of the real estate investment trust’s stock worth $2,371,000 after buying an additional 56,000 shares during the period. Heitman Real Estate Securities LLC increased its holdings in shares of HCP by 87.5% in the second quarter. Heitman Real Estate Securities LLC now owns 408,143 shares of the real estate investment trust’s stock worth $10,476,000 after buying an additional 190,480 shares during the period. Stephens Inc. AR increased its holdings in shares of HCP by 5.1% in the second quarter. Stephens Inc. AR now owns 40,944 shares of the real estate investment trust’s stock worth $1,057,000 after buying an additional 1,993 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its holdings in shares of HCP by 64.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 148,600 shares of the real estate investment trust’s stock worth $3,837,000 after buying an additional 58,428 shares during the period. 88.30% of the stock is owned by institutional investors.

Several research analysts have recently commented on HCP shares. ValuEngine upgraded HCP from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 26th. Capital One Financial started coverage on HCP in a report on Tuesday, July 24th. They issued an “equal weight” rating and a $27.50 price objective on the stock. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Stifel Nicolaus set a $28.00 price objective on HCP and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Cantor Fitzgerald started coverage on HCP in a report on Tuesday, August 7th. They issued a “neutral” rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. HCP currently has an average rating of “Hold” and a consensus target price of $26.54.

Shares of NYSE:HCP opened at $26.40 on Friday. HCP, Inc. has a 1 year low of $21.48 and a 1 year high of $27.62. The stock has a market cap of $12.11 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 6.47 and a beta of 0.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37.

HCP (NYSE:HCP) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.27). HCP had a net margin of 3.39% and a return on equity of 1.12%. The business had revenue of $469.60 million for the quarter, compared to analysts’ expectations of $463.94 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.

HCP Profile

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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