Investors Sell HCP, Inc. (HCP) on Strength (HCP)
Traders sold shares of HCP, Inc. (NYSE:HCP) on strength during trading on Friday. $8.51 million flowed into the stock on the tick-up and $73.70 million flowed out of the stock on the tick-down, for a money net flow of $65.19 million out of the stock. Of all equities tracked, HCP had the 7th highest net out-flow for the day. HCP traded up $0.06 for the day and closed at $30.21
A number of brokerages have recently issued reports on HCP. Mizuho reissued a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. Raymond James Financial, Inc. raised HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Wednesday, June 14th. BidaskClub lowered HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and set a $32.00 price objective on shares of HCP in a report on Wednesday. Finally, Jefferies Group LLC reissued a “hold” rating and set a $33.00 price objective on shares of HCP in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. HCP has an average rating of “Hold” and an average target price of $32.84.
The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 20.59 and a beta of 0.38. The company has a 50 day moving average price of $30.08 and a 200-day moving average price of $31.14.
HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company 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 firm’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts expect that HCP, Inc. will post $1.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Monday, August 7th were given a $0.37 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.48 annualized dividend and a dividend yield of 4.90%. HCP’s dividend payout ratio (DPR) is 102.07%.
In other news, insider Thomas Klaritch sold 2,651 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were 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 $5,575,449.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its stake in HCP by 0.8% during the second quarter. Parkside Financial Bank & Trust now owns 7,194 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 54 shares during the period. Cleararc Capital Inc. increased its position in shares of HCP by 0.7% during the first quarter. Cleararc Capital Inc. now owns 11,441 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 85 shares during the last quarter. Alps Advisors Inc. increased its position in shares of HCP by 0.3% during the second quarter. Alps Advisors Inc. now owns 39,693 shares of the real estate investment trust’s stock valued at $1,269,000 after acquiring an additional 110 shares during the last quarter. Peoples Financial Services CORP. increased its position in shares of HCP by 4.0% during 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 acquiring an additional 125 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. increased its position in shares of HCP by 0.9% during the first quarter. Transamerica Financial Advisors Inc. now owns 17,030 shares of the real estate investment trust’s stock valued at $533,000 after acquiring an additional 145 shares during the last quarter. 89.75% of the stock is currently owned by institutional investors.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.