Public Employees Retirement Association of Colorado Sells 68 Shares of HCP, Inc. (NYSE:HCP)
Public Employees Retirement Association of Colorado cut its position in shares of HCP, Inc. (NYSE:HCP) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 86,248 shares of the real estate investment trust’s stock after selling 68 shares during the period. Public Employees Retirement Association of Colorado’s holdings in HCP were worth $2,756,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HCP. Peoples Financial Services CORP. raised its position 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 worth $104,000 after buying an additional 125 shares in the last quarter. Founders Capital Management purchased a new stake in shares of HCP during the first quarter valued at $106,000. Advisory Services Network LLC purchased a new stake in shares of HCP during the first quarter valued at $114,000. Nwam LLC purchased a new stake in shares of HCP during the first quarter valued at $200,000. Finally, Soros Fund Management LLC purchased a new stake in shares of HCP during the first quarter valued at $200,000. Institutional investors own 89.13% of the company’s stock.
Shares of HCP, Inc. (NYSE HCP) opened at 29.56 on Tuesday. The stock has a 50 day moving average of $32.01 and a 200 day moving average of $31.31. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of 20.15 and a beta of 0.37. HCP, Inc. has a 52-week low of $27.61 and a 52-week high of $40.43.
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, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million for the quarter, compared to analyst estimates of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. Equities analysts predict that HCP, Inc. will post $1.43 EPS for the current fiscal 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Thursday, August 3rd. HCP’s payout ratio is presently 102.07%.
Several brokerages have recently weighed in on HCP. Mizuho reaffirmed a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Evercore ISI downgraded shares of HCP from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Raymond James Financial, Inc. raised shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Wednesday, June 14th. BidaskClub downgraded shares of HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Mitsubishi UFJ Financial Group initiated coverage on shares of HCP in a report on Friday, April 21st. They set a “hold” rating and a $32.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.42.
In related news, insider Thomas Klaritch sold 2,651 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total transaction of $83,586.03. Following the transaction, the insider now owns 176,830 shares of the company’s stock, valued at $5,575,449.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).
Receive News & Ratings for HCP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.