W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in HCP, Inc. (NYSE:HCP) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,900 shares of the real estate investment trust’s stock after acquiring an additional 3,695 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in HCP were worth $2,074,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust boosted its stake in HCP by 0.8% in the second quarter. Parkside Financial Bank & Trust now owns 7,194 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 54 shares during the last quarter. Cleararc Capital Inc. boosted its stake in HCP by 0.7% in 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. boosted its stake in HCP by 0.3% in 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. boosted its stake 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 valued at $104,000 after acquiring an additional 125 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. boosted its stake in HCP by 0.9% in 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. 89.60% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. UBS AG raised shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Friday, July 14th. KeyCorp reaffirmed a “hold” rating on shares of HCP in a research note on Sunday, September 17th. Bank of America Corporation cut shares of HCP from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of HCP in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. HCP presently has an average rating of “Hold” and an average price target of $32.84.

ILLEGAL ACTIVITY WARNING: “W.G. Shaheen & Associates DBA Whitney & Co Acquires 3,695 Shares of HCP, Inc. (HCP)” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/22/w-g-shaheen-associates-dba-whitney-co-acquires-3695-shares-of-hcp-inc-hcp.html.

HCP, Inc. (NYSE:HCP) traded down 1.86% during midday trading on Friday, hitting $28.04. 1,833,021 shares of the stock were exchanged. HCP, Inc. has a 1-year low of $27.61 and a 1-year high of $36.16. The company’s 50 day moving average is $29.61 and its 200-day moving average is $30.98. The stock has a market cap of $13.15 billion, a PE ratio of 19.11 and a beta of 0.38.

HCP (NYSE:HCP) last released its quarterly earnings results 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 business had revenue of $458.90 million for 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 firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, analysts expect that HCP, Inc. will post $1.35 earnings per share for the current year.

HCP 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.

Institutional Ownership by Quarter for HCP (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.