HCP, Inc. (NYSE:HCP) Stake Increased by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board raised its stake in HCP, Inc. (NYSE:HCP) by 8.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,375,235 shares of the real estate investment trust’s stock after buying an additional 104,300 shares during the period. Canada Pension Plan Investment Board’s holdings in HCP were worth $43,953,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in HCP. Peoples Financial Services CORP. boosted its stake in shares of 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 worth $104,000 after buying an additional 125 shares during the period. Founders Capital Management purchased a new stake in shares of HCP during the first quarter worth approximately $106,000. Chicago Partners Investment Group LLC boosted its stake in shares of 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 worth $113,000 after buying an additional 2,525 shares during the period. Advisory Services Network LLC purchased a new stake in shares of HCP during the first quarter worth approximately $114,000. Finally, Nwam LLC purchased a new stake in shares of HCP during the first quarter worth approximately $200,000. 89.13% of the stock is owned by institutional investors and hedge funds.
Shares of HCP, Inc. (HCP) opened at 29.27 on Friday. HCP, Inc. has a one year low of $27.61 and a one year high of $36.82. The company’s 50-day moving average price is $31.34 and its 200-day moving average price is $31.25. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 19.95 and a beta of 0.37.
HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million for the quarter, compared to analysts’ expectations of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. On average, equities research analysts predict that HCP, Inc. will post $1.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Monday, August 7th will be given a $0.37 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.48 annualized dividend and a yield of 5.06%. HCP’s dividend payout ratio (DPR) is presently 102.07%.
A number of equities research analysts have commented on HCP shares. BidaskClub raised HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price objective on shares of HCP in a research note on Friday, May 12th. Stifel Nicolaus reissued a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Finally, Mitsubishi UFJ Financial Group started coverage on HCP in a research note on Friday, April 21st. They issued a “hold” rating and a $32.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $33.42.
In related news, insider Thomas Klaritch sold 2,651 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total value of $83,586.03. Following the transaction, the insider now directly owns 176,830 shares of the company’s stock, valued at approximately $5,575,449.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.
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.
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