IBM Retirement Fund Buys 1,768 Shares of HCP, Inc. (NYSE:HCP)
IBM Retirement Fund increased its position in HCP, Inc. (NYSE:HCP) by 33.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,982 shares of the real estate investment trust’s stock after buying an additional 1,768 shares during the period. IBM Retirement Fund’s holdings in HCP were worth $223,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Peoples Financial Services CORP. boosted its position in shares of 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 worth $104,000 after buying an additional 125 shares during the period. Founders Capital Management bought a new position in shares of HCP during the first quarter worth approximately $106,000. Advisory Services Network LLC bought a new position in shares of HCP during the first quarter worth approximately $114,000. Nwam LLC bought a new position in shares of HCP during the first quarter worth approximately $200,000. Finally, Soros Fund Management LLC bought a new position in shares of HCP during the first quarter worth approximately $200,000. Hedge funds and other institutional investors own 88.93% of the company’s stock.
Shares of HCP, Inc. (NYSE HCP) opened at 29.85 on Friday. HCP, Inc. has a 12 month low of $27.61 and a 12 month high of $40.43. The firm’s 50-day moving average price is $32.01 and its 200-day moving average price is $31.31. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 20.35 and a beta of 0.37.
HCP (NYSE:HCP) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $458.90 million during the quarter, compared to analyst estimates of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Equities research analysts expect that HCP, Inc. will post $1.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Monday, August 7th will be given a $0.37 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.48 annualized dividend and a yield of 4.96%. HCP’s payout ratio is 102.07%.
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HCP has been the subject of a number of recent research reports. BidaskClub upgraded HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 target price on shares of HCP in a report on Friday, May 12th. Mitsubishi UFJ Financial Group initiated coverage on HCP in a report on Friday, April 21st. They issued a “hold” rating and a $32.00 target price for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.42.
In related news, insider Thomas Klaritch sold 2,651 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total value of $83,586.03. Following the completion of the transaction, the insider now directly owns 176,830 shares in the company, valued at $5,575,449.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.
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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