Strs Ohio trimmed its stake in shares of HCP, Inc. (NYSE:HCP) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,344 shares of the real estate investment trust’s stock after selling 66,178 shares during the quarter. Strs Ohio owned about 0.15% of HCP worth $22,984,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pacific Center for Financial Services boosted its position in HCP by 123.5% during the fourth 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 bought a new position in HCP during the first quarter worth $25,000. Executive Wealth Management LLC bought a new position in HCP during the fourth quarter worth $30,000. Rational Advisors LLC boosted its position in HCP by 336.7% during the fourth 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 bought a new position in HCP during the fourth quarter worth $35,000. 95.64% of the stock is owned by hedge funds and other institutional investors.

HCP has been the subject of a number of research analyst reports. Robert W. Baird raised shares of HCP from a “neutral” rating to an “outperform” rating in a research report on Monday, January 7th. BMO Capital Markets raised shares of HCP from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $30.00 to $33.00 in a research report on Wednesday, January 9th. TheStreet raised shares of HCP from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, Morgan Stanley set a $32.00 target price on shares of HCP and gave the company a “hold” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $28.95.

Shares of HCP stock opened at $29.83 on Monday. The stock has a market capitalization of $14.25 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 7.44 and a beta of 0.46. HCP, Inc. has a 52-week low of $21.80 and a 52-week high of $32.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.64.

HCP (NYSE:HCP) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $1.30. The company had revenue of $441.92 million during the quarter, compared to analysts’ expectations of $445.81 million. HCP had a net margin of 57.41% and a return on equity of 18.40%. HCP’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, analysts anticipate that HCP, Inc. will post 1.74 earnings per share for the current year.

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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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