Orleans Capital Management Corp LA boosted its stake in HCP, Inc. (NYSE:HCP) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,309 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the quarter. Orleans Capital Management Corp LA’s holdings in HCP were worth $2,055,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC raised its stake in HCP by 28.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 121,112 shares of the real estate investment trust’s stock valued at $4,285,000 after purchasing an additional 26,473 shares in the last quarter. Lazard Asset Management LLC raised its stake in HCP by 52.8% in the second quarter. Lazard Asset Management LLC now owns 88,938 shares of the real estate investment trust’s stock valued at $2,842,000 after purchasing an additional 30,745 shares in the last quarter. Willingdon Wealth Management raised its stake in HCP by 3.1% in the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 1,272 shares in the last quarter. CIBC World Markets Inc. raised its stake in HCP by 335.5% in the second quarter. CIBC World Markets Inc. now owns 42,640 shares of the real estate investment trust’s stock valued at $1,363,000 after purchasing an additional 32,849 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in HCP by 18.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,043 shares of the real estate investment trust’s stock valued at $3,677,000 after purchasing an additional 17,536 shares in the last quarter. 89.61% of the stock is owned by institutional investors and hedge funds.

HCP, Inc. (NYSE:HCP) traded up 0.15% during mid-day trading on Friday, hitting $26.47. The stock had a trading volume of 1,040,034 shares. HCP, Inc. has a 52 week low of $26.26 and a 52 week high of $34.02. The firm has a market cap of $12.41 billion, a PE ratio of 18.04 and a beta of 0.38. The company’s 50 day moving average price is $28.60 and its 200 day moving average price is $30.63.

HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. HCP had a return on equity of 9.96% and a net margin of 32.16%. The business had revenue of $458.90 million for the quarter, compared to analyst estimates of $456.29 million. During the same period last year, the company earned $0.71 EPS. HCP’s revenue for the quarter was down 14.8% compared to the same quarter last year. Analysts anticipate that HCP, Inc. will post $1.34 earnings per share for the current year.

HCP has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of HCP in a research note on Tuesday, July 25th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of HCP in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $31.00 price target on shares of HCP in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of HCP in a research report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.27.

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About HCP

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)

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