LMR Partners LLP Sells 25,845 Shares of HCP, Inc. (HCP)
LMR Partners LLP lessened its stake in shares of HCP, Inc. (NYSE:HCP) by 74.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,037 shares of the real estate investment trust’s stock after selling 25,845 shares during the period. LMR Partners LLP’s holdings in HCP were worth $251,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Norinchukin Bank The increased its stake in shares of HCP by 7.4% in the 3rd quarter. Norinchukin Bank The now owns 34,907 shares of the real estate investment trust’s stock valued at $971,000 after purchasing an additional 2,390 shares during the last quarter. ING Groep NV increased its stake in shares of HCP by 39.7% in the 3rd quarter. ING Groep NV now owns 142,382 shares of the real estate investment trust’s stock valued at $3,962,000 after purchasing an additional 40,452 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of HCP by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 104,554 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 1,915 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of HCP by 11.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 358,950 shares of the real estate investment trust’s stock valued at $9,990,000 after purchasing an additional 36,982 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of HCP by 12,634.1% in the 3rd quarter. Assetmark Inc. now owns 592,899 shares of the real estate investment trust’s stock valued at $16,500,000 after purchasing an additional 588,243 shares during the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.
Several equities research analysts recently weighed in on HCP shares. Mizuho raised HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, November 2nd. Morgan Stanley cut their price objective on HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. Zacks Investment Research raised HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Stifel Nicolaus cut their price objective on HCP from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, November 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $28.00 price objective on shares of HCP in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $30.91.
Shares of HCP, Inc. (NYSE:HCP) traded down $0.14 on Wednesday, reaching $26.55. The company’s stock had a trading volume of 2,566,500 shares, compared to its average volume of 3,688,128. The firm has a market cap of $12,609.63, a P/E ratio of 13.05, a PEG ratio of 2.86 and a beta of 0.36. HCP, Inc. has a 52-week low of $25.08 and a 52-week high of $33.67. 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 announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. equities research analysts forecast that HCP, Inc. will post 1.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Friday, November 3rd. HCP’s dividend payout ratio is 133.33%.
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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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