Beacon Investment Advisory Services Inc. grew its holdings in HCP, Inc. (NYSE:HCP) by 109.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,570 shares of the real estate investment trust’s stock after purchasing an additional 9,698 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in HCP were worth $517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Cohen & Steers Inc. grew its position in HCP by 26.6% during the 3rd quarter. Cohen & Steers Inc. now owns 35,762,597 shares of the real estate investment trust’s stock worth $995,273,000 after acquiring an additional 7,524,081 shares during the last quarter. Principal Financial Group Inc. grew its position in HCP by 475.0% during the 3rd quarter. Principal Financial Group Inc. now owns 4,284,833 shares of the real estate investment trust’s stock worth $119,248,000 after acquiring an additional 3,539,670 shares during the last quarter. Daiwa Securities Group Inc. grew its position in HCP by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,243,041 shares of the real estate investment trust’s stock worth $340,724,000 after acquiring an additional 1,632,319 shares during the last quarter. Royal Bank of Canada grew its position in HCP by 353.7% during the 2nd quarter. Royal Bank of Canada now owns 1,826,053 shares of the real estate investment trust’s stock worth $58,362,000 after acquiring an additional 1,423,582 shares during the last quarter. Finally, Cbre Clarion Securities LLC grew its position in HCP by 18.1% during the 2nd quarter. Cbre Clarion Securities LLC now owns 9,223,958 shares of the real estate investment trust’s stock worth $294,798,000 after acquiring an additional 1,413,760 shares during the last quarter. Institutional investors own 90.19% of the company’s stock.

A number of brokerages recently weighed in on HCP. Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of HCP in a research report on Wednesday, October 4th. BMO Capital Markets restated a “hold” rating and set a $28.00 price objective on shares of HCP in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of HCP in a research report on Tuesday, October 17th. Morgan Stanley reduced their price objective on HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, September 25th. Finally, UBS lowered HCP from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $30.00 to $25.00 in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.91.

HCP, Inc. (HCP) traded up $0.42 during midday trading on Wednesday, hitting $27.14. The company’s stock had a trading volume of 6,450,400 shares, compared to its average volume of 3,682,278. HCP, Inc. has a 1 year low of $25.08 and a 1 year high of $33.67. The company has a market cap of $12,534.58, a price-to-earnings ratio of 12.97, a PEG ratio of 2.85 and a beta of 0.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.61 and a quick ratio of 0.61.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. HCP had a return on equity of 8.85% and a net margin of 27.31%. The firm had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was down 14.4% on a year-over-year basis. analysts forecast that HCP, Inc. will post 1.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.45%. HCP’s dividend payout ratio (DPR) is presently 133.33%.

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HCP Company 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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