HCP Inc. (HCP) Stake Lowered by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC decreased its stake in HCP Inc. (NYSE:HCP) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,431 shares of the real estate investment trust’s stock after selling 2,234 shares during the period. Mutual of America Capital Management LLC’s holdings in HCP were worth $1,990,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in HCP by 12.0% in the second quarter. State Street Corp now owns 39,551,521 shares of the real estate investment trust’s stock valued at $1,399,338,000 after buying an additional 4,237,902 shares during the period. Cohen & Steers Inc. increased its position in shares of HCP by 9.7% in the second quarter. Cohen & Steers Inc. now owns 40,390,203 shares of the real estate investment trust’s stock valued at $1,429,005,000 after buying an additional 3,565,515 shares in the last quarter. Franklin Resources Inc. increased its position in shares of HCP by 119.5% in the second quarter. Franklin Resources Inc. now owns 5,484,225 shares of the real estate investment trust’s stock valued at $194,032,000 after buying an additional 2,986,095 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of HCP during the second quarter valued at approximately $86,770,000. Finally, Shinko Asset Management Co. Ltd. increased its position in shares of HCP by 19.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 14,345,204 shares of the real estate investment trust’s stock valued at $544,400,000 after buying an additional 2,373,840 shares in the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
HCP Inc. (NYSE:HCP) traded down 0.24% during trading on Wednesday, hitting $29.53. The stock had a trading volume of 5,586,518 shares. HCP Inc. has a 52 week low of $22.87 and a 52 week high of $36.82. The company has a 50-day moving average of $30.55 and a 200-day moving average of $32.79. The stock’s market capitalization is $13.82 billion.
HCP (NYSE:HCP) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The company earned $654.30 million during the quarter, compared to the consensus estimate of $634.11 million. HCP had a negative return on equity of 0.32% and a negative net margin of 1.16%. During the same period last year, the business posted $0.79 earnings per share. On average, equities analysts expect that HCP Inc. will post $2.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Tuesday, November 8th. HCP’s payout ratio is -1,850.00%.
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Several research analysts have recently commented on the company. Citigroup Inc. lifted their target price on HCP from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. BTIG Research assumed coverage on HCP in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research downgraded HCP from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Wells Fargo & Co. reiterated a “hold” rating on shares of HCP in a research note on Sunday, September 4th. Finally, Mizuho lifted their target price on HCP from $32.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $34.33.
In other HCP news, insider Thomas D. Kirby sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $40.24, for a total value of $120,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by company insiders.
HCP, Inc (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital.
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