Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of HCP, Inc. (NYSE:HCP) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 932,033 shares of the real estate investment trust’s stock after selling 4,899 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of HCP worth $25,938,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its position in HCP by 4.5% in the third quarter. Commonwealth Bank of Australia now owns 75,161 shares of the real estate investment trust’s stock worth $2,086,000 after acquiring an additional 3,238 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of HCP by 133.7% during the third quarter. WINTON GROUP Ltd now owns 94,480 shares of the real estate investment trust’s stock valued at $2,629,000 after acquiring an additional 54,056 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of HCP by 1.7% during the third quarter. Wells Fargo & Company MN now owns 1,701,540 shares of the real estate investment trust’s stock valued at $47,354,000 after acquiring an additional 29,179 shares during the last quarter. Cadence Capital Management LLC boosted its stake in HCP by 26.2% in the 3rd quarter. Cadence Capital Management LLC now owns 36,544 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 7,582 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in HCP by 9.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,139 shares of the real estate investment trust’s stock worth $1,061,000 after buying an additional 3,327 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

A number of equities analysts have recently commented on HCP shares. Mizuho upgraded 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. Stifel Nicolaus upgraded HCP from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday. Morgan Stanley dropped 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 upgraded HCP from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of HCP in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.91.

Shares of HCP, Inc. (HCP) traded up $0.05 on Thursday, hitting $26.61. The stock had a trading volume of 1,935,200 shares, compared to its average volume of 3,682,964. The firm has a market cap of $12,459.52, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP, Inc. has a one year low of $25.08 and a one year high of $33.67.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Monday, November 6th were given a dividend of $0.37 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.56%. HCP’s dividend payout ratio is currently 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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