Northern Trust Corp trimmed its holdings in HCP, Inc. (NYSE:HCP) by 0.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,868,095 shares of the real estate investment trust’s stock after selling 17,517 shares during the quarter. Northern Trust Corp’s holdings in HCP were worth $203,153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HCP. Stephens Inc. AR lifted its stake in HCP by 5.1% in the second quarter. Stephens Inc. AR now owns 40,944 shares of the real estate investment trust’s stock valued at $1,057,000 after buying an additional 1,993 shares during the last quarter. Advisor Partners LLC lifted its stake in HCP by 20.7% in the second quarter. Advisor Partners LLC now owns 11,864 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 2,038 shares during the last quarter. Amalgamated Bank lifted its stake in HCP by 3.6% in the second quarter. Amalgamated Bank now owns 60,479 shares of the real estate investment trust’s stock valued at $1,562,000 after buying an additional 2,084 shares during the last quarter. Spearhead Capital Advisors LLC lifted its stake in HCP by 1.8% in the second quarter. Spearhead Capital Advisors LLC now owns 137,553 shares of the real estate investment trust’s stock valued at $3,552,000 after buying an additional 2,398 shares during the last quarter. Finally, First Midwest Bank Trust Division lifted its stake in HCP by 9.3% in the second quarter. First Midwest Bank Trust Division now owns 28,695 shares of the real estate investment trust’s stock valued at $741,000 after buying an additional 2,433 shares during the last quarter. 88.26% of the stock is owned by hedge funds and other institutional investors.

HCP stock opened at $25.56 on Thursday. HCP, Inc. has a 12 month low of $21.48 and a 12 month high of $27.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $12.17 billion, a PE ratio of 13.56, a P/E/G ratio of 6.50 and a beta of 0.28.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.27). HCP had a return on equity of 1.12% and a net margin of 3.39%. The company had revenue of $469.60 million for the quarter, compared to analysts’ expectations of $463.94 million. During the same quarter last year, the company earned $0.48 EPS. HCP’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts anticipate that HCP, Inc. will post 1.82 EPS for the current fiscal year.

A number of brokerages have weighed in on HCP. Morgan Stanley boosted their price objective on HCP from $23.50 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, August 16th. Bank of America boosted their price objective on HCP from $27.50 to $28.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Stifel Nicolaus set a $28.00 price objective on HCP and gave the company a “buy” rating in a research note on Friday, August 3rd. Cantor Fitzgerald began coverage on HCP in a research note on Tuesday, August 7th. They set a “neutral” rating and a $28.00 price target for the company. Finally, Capital One Financial restated an “equal weight” rating on shares of HCP in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.46.

HCP Company 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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