State of Wisconsin Investment Board reduced its stake in HCP, Inc. (NYSE:HCP) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 469,174 shares of the real estate investment trust’s stock after selling 21,515 shares during the period. State of Wisconsin Investment Board owned 0.10% of HCP worth $13,057,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Peoples Financial Services CORP. lifted its stake in shares of HCP by 4.0% in the 2nd quarter. Peoples Financial Services CORP. now owns 3,250 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 125 shares during the period. Sun Life Financial INC raised its holdings in shares of HCP by 42,675.0% in the 2nd quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of HCP by 252.5% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 150 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of HCP in the 2nd quarter worth approximately $172,000. 91.09% of the stock is owned by institutional investors.
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Shares of HCP, Inc. (NYSE HCP) opened at $27.02 on Wednesday. HCP, Inc. has a 1-year low of $25.08 and a 1-year high of $33.67. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. The stock has a market cap of $12,773.82, a P/E ratio of 13.22, a PEG ratio of 2.90 and a beta of 0.36.
HCP (NYSE:HCP) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. HCP had a net margin of 27.31% and a return on equity of 8.85%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. analysts forecast that HCP, Inc. will post 1.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th will be paid a $0.37 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.48 annualized dividend and a yield of 5.48%. HCP’s dividend payout ratio is presently 133.33%.
A number of research firms recently commented on HCP. Stifel Nicolaus dropped their target price on shares of HCP from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of HCP in a report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Tuesday, October 17th. Finally, Mizuho upgraded shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.91.
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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