HCP, Inc. (NYSE:HCP) Position Cut by National Planning Corp
National Planning Corp lowered its position in shares of HCP, Inc. (NYSE:HCP) by 11.8% during the second quarter, Holdings Channel reports. The firm owned 16,559 shares of the real estate investment trust’s stock after selling 2,207 shares during the period. National Planning Corp’s holdings in HCP were worth $539,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Peoples Financial Services CORP. raised 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 valued at $104,000 after buying an additional 125 shares during the last quarter. Founders Capital Management purchased a new position in shares of HCP during the first quarter valued at approximately $106,000. Chicago Partners Investment Group LLC raised its position in shares of HCP by 252.5% in the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,525 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of HCP during the first quarter valued at approximately $114,000. Finally, Nwam LLC purchased a new position in shares of HCP during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Shares of HCP, Inc. (NYSE HCP) opened at 29.27 on Friday. HCP, Inc. has a 52 week low of $27.61 and a 52 week high of $36.82. The firm’s 50-day moving average price is $31.34 and its 200 day moving average price is $31.25. The company has a market cap of $13.73 billion, a P/E ratio of 19.95 and a beta of 0.37.
HCP (NYSE:HCP) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $458.90 million for the quarter, compared to the consensus estimate of $456.29 million. HCP had a return on equity of 9.96% and a net margin of 32.16%. HCP’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. On average, equities analysts predict that HCP, Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Monday, August 7th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Thursday, August 3rd. HCP’s payout ratio is currently 102.07%.
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Several research analysts have recently commented on the company. BidaskClub lowered HCP from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 target price on shares of HCP in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) lowered HCP from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $35.00 to $32.00 in a research report on Monday, July 24th. Zacks Investment Research lowered HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a research report on Friday, July 14th. Three 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. HCP has an average rating of “Hold” and an average price target of $33.42.
In other news, insider Thomas Klaritch sold 2,651 shares of the business’s 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 transaction, the insider now directly owns 176,830 shares of the company’s stock, valued at approximately $5,575,449.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by 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.
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