PGGM Investments Acquires 29,175 Shares of HCP, Inc. (HCP)
PGGM Investments raised its holdings in HCP, Inc. (NYSE:HCP) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,676,874 shares of the real estate investment trust’s stock after purchasing an additional 29,175 shares during the quarter. PGGM Investments owned 1.21% of HCP worth $157,987,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of HCP. Peoples Financial Services CORP. boosted its holdings in 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 valued at $104,000 after purchasing an additional 125 shares during the last quarter. Sun Life Financial INC boosted its holdings in HCP by 42,675.0% in the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 3,414 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in 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 valued at $113,000 after purchasing an additional 2,525 shares during the last quarter. Advisory Services Network LLC boosted its holdings in HCP by 4.1% in the second quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 150 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in HCP in the second quarter valued at $172,000. 89.58% of the stock is currently owned by institutional investors.
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Several equities research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) lowered shares of HCP from a “buy” rating to a “neutral” rating and lowered their price target for the company from $35.00 to $32.00 in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.00 price target on shares of HCP in a report on Friday, July 14th. BidaskClub lowered shares of HCP from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Mizuho reaffirmed a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Finally, Morgan Stanley lowered their price target on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $30.98.
HCP, Inc. (NYSE:HCP) remained flat at $26.36 during midday trading on Friday. The stock had a trading volume of 2,044,728 shares. HCP, Inc. has a 12 month low of $26.16 and a 12 month high of $33.67. The company has a market cap of $12.36 billion, a P/E ratio of 17.97 and a beta of 0.38. The firm’s 50 day moving average price is $28.16 and its 200 day moving average price is $30.46.
HCP (NYSE:HCP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that HCP, Inc. will post $1.34 earnings per share for the current fiscal year.
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.
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