First Hawaiian Bank Purchases New Stake in HCP, Inc. (HCP)

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First Hawaiian Bank purchased a new position in shares of HCP, Inc. (NYSE:HCP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,150 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HCP. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in HCP by 51.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 240,759 shares of the real estate investment trust’s stock valued at $6,216,000 after acquiring an additional 81,593 shares in the last quarter. Glen Harbor Capital Management LLC lifted its position in HCP by 3.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 188,530 shares of the real estate investment trust’s stock valued at $4,868,000 after acquiring an additional 5,848 shares in the last quarter. NewSquare Capital LLC lifted its position in HCP by 16.3% in the 2nd quarter. NewSquare Capital LLC now owns 57,776 shares of the real estate investment trust’s stock valued at $1,501,000 after acquiring an additional 8,117 shares in the last quarter. Swiss National Bank lifted its position in HCP by 3.5% in the 2nd quarter. Swiss National Bank now owns 1,552,121 shares of the real estate investment trust’s stock valued at $40,076,000 after acquiring an additional 52,900 shares in the last quarter. Finally, AEW Capital Management L P lifted its position in HCP by 131.4% in the 2nd quarter. AEW Capital Management L P now owns 4,928,900 shares of the real estate investment trust’s stock valued at $127,264,000 after acquiring an additional 2,798,600 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Shares of HCP stock opened at $27.55 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. HCP, Inc. has a 1 year low of $21.48 and a 1 year high of $27.91. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 6.79 and a beta of 0.28.

HCP (NYSE:HCP) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.10. HCP had a net margin of 3.39% and a return on equity of 1.12%. The firm had revenue of $456.00 million for the quarter, compared to analyst estimates of $456.59 million. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up .4% compared to the same quarter last year. Research analysts expect that HCP, Inc. will post 1.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $1.48 annualized dividend and a yield of 5.37%. HCP’s payout ratio is currently 75.90%.

Several research firms recently commented on HCP. BMO Capital Markets reaffirmed a “hold” rating and issued a $27.00 price objective on shares of HCP in a research report on Wednesday. Mizuho reaffirmed a “buy” rating and issued a $29.00 price objective on shares of HCP in a research report on Monday, August 13th. Cantor Fitzgerald raised shares of HCP from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $29.00 in a research report on Thursday, September 27th. JPMorgan Chase & Co. cut shares of HCP from an “overweight” rating to a “neutral” rating in a research report on Friday, October 5th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of HCP in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and an average target price of $26.68.

HCP Profile

HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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