HCP, Inc. (HCP) Shares Bought by Norinchukin Bank The
Norinchukin Bank The grew its position in HCP, Inc. (NYSE:HCP) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,517 shares of the real estate investment trust’s stock after buying an additional 2,094 shares during the period. Norinchukin Bank The’s holdings in HCP were worth $1,039,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC grew its holdings in shares of HCP by 16.8% in the 2nd quarter. Teachers Advisors LLC now owns 3,536,355 shares of the real estate investment trust’s stock valued at $113,022,000 after buying an additional 508,236 shares during the period. Stephens Inc. AR grew its holdings in shares of HCP by 2.0% in the 2nd quarter. Stephens Inc. AR now owns 41,835 shares of the real estate investment trust’s stock valued at $1,337,000 after buying an additional 821 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of HCP by 9.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 42,072 shares of the real estate investment trust’s stock valued at $1,344,000 after buying an additional 3,795 shares during the period. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of HCP by 178.2% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 42,556 shares of the real estate investment trust’s stock valued at $1,360,000 after buying an additional 27,261 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of HCP by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,171,861 shares of the real estate investment trust’s stock valued at $37,453,000 after buying an additional 30,828 shares during the period. 89.60% of the stock is owned by institutional investors.
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Shares of HCP, Inc. (NYSE:HCP) opened at 29.45 on Monday. HCP, Inc. has a 12 month low of $27.61 and a 12 month high of $39.70. The company has a market capitalization of $13.81 billion, a PE ratio of 20.07 and a beta of 0.38. The firm’s 50-day moving average is $29.75 and its 200 day moving average is $31.05.
HCP (NYSE:HCP) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s revenue was down 14.8% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Equities research analysts predict that HCP, Inc. will post $1.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Monday, August 7th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend was Thursday, August 3rd. HCP’s dividend payout ratio is currently 102.07%.
HCP has been the subject of several research analyst reports. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a report on Wednesday, June 14th. 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. BidaskClub raised shares of HCP from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Mizuho reissued a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $31.00 price target on shares of HCP in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and a consensus target price of $32.84.
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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