State of New Jersey Common Pension Fund D boosted its holdings in HCP, Inc. (NYSE:HCP) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,000 shares of the real estate investment trust’s stock after buying an additional 8,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in HCP were worth $2,644,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Peoples Financial Services CORP. boosted its stake in 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 boosted its stake in HCP by 42,675.0% in the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in HCP by 252.5% in the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,525 shares during the last quarter. Advisory Services Network LLC raised its position in HCP by 4.1% in the second quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 150 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in HCP in the second quarter valued at about $172,000. 89.73% of the stock is currently owned by institutional investors and hedge funds.

HCP (NYSE:HCP) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.31. The company had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $440.60 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. HCP’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, November 3rd. HCP’s payout ratio is 102.07%.

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HCP has been the subject of several research reports. 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 research report on Friday, September 22nd. Morgan Stanley dropped their target price on HCP from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, September 25th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) downgraded HCP from a “buy” rating to a “neutral” rating and dropped their target price for the company from $35.00 to $32.00 in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. HCP has a consensus rating of “Hold” and a consensus price target of $30.98.

HCP 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.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

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