HL Financial Services LLC boosted its stake in shares of HCP, Inc. (NYSE:HCP) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,924 shares of the real estate investment trust’s stock after buying an additional 386 shares during the period. HL Financial Services LLC’s holdings in HCP were worth $1,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HCP. Chevy Chase Trust Holdings Inc. increased its position in shares of HCP by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 405,798 shares of the real estate investment trust’s stock valued at $12,693,000 after buying an additional 12,882 shares during the last quarter. National Pension Service increased its position in shares of HCP by 9.6% in the first quarter. National Pension Service now owns 459,399 shares of the real estate investment trust’s stock valued at $14,237,000 after buying an additional 40,194 shares during the last quarter. Bank of Montreal Can increased its position in shares of HCP by 0.9% in the first quarter. Bank of Montreal Can now owns 372,934 shares of the real estate investment trust’s stock valued at $11,665,000 after buying an additional 3,258 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of HCP by 52.9% in the first quarter. Prospera Financial Services Inc now owns 19,174 shares of the real estate investment trust’s stock valued at $598,000 after buying an additional 6,633 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of HCP by 11.2% in the first quarter. Atria Investments LLC now owns 12,300 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 1,236 shares during the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.

Shares of HCP, Inc. (HCP) opened at 29.19 on Friday. The company has a market capitalization of $13.69 billion, a P/E ratio of 19.90 and a beta of 0.37. The stock’s 50 day moving average is $31.45 and its 200-day moving average is $31.26. HCP, Inc. has a 12-month low of $27.61 and a 12-month high of $36.82.

HCP (NYSE:HCP) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm had revenue of $458.90 million during the quarter, compared to analyst estimates of $456.29 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. HCP’s revenue for the quarter was down 14.8% on a year-over-year basis. Analysts anticipate that HCP, Inc. will post $1.38 earnings per share for the current year.

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.07%. HCP’s dividend payout ratio is 102.07%.

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Several research analysts have commented on HCP shares. Mitsubishi UFJ Financial Group started coverage on shares of HCP in a report on Friday, April 21st. They issued a “hold” rating and a $32.00 price target for the company. Evercore ISI downgraded shares of HCP from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price target on shares of HCP in a report on Friday, May 12th. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a report on Wednesday, June 14th. Finally, Raymond James Financial, Inc. raised shares of HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company 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 company’s stock in a transaction 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 completion of the transaction, the insider now owns 176,830 shares in the company, valued at $5,575,449.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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