Shell Asset Management Co. increased its position in shares of HCP, Inc. (NYSE:HCP) by 311.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,033 shares of the real estate investment trust’s stock after purchasing an additional 91,652 shares during the period. Shell Asset Management Co.’s holdings in HCP were worth $4,806,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HCP. Parkside Financial Bank & Trust increased its holdings in HCP by 0.8% in the 2nd 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. Alps Advisors Inc. increased its holdings in HCP by 0.3% in the 2nd 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 holdings in HCP by 4.0% in the 2nd 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. Atria Investments LLC increased its holdings in HCP by 1.2% in the 2nd quarter. Atria Investments LLC now owns 12,447 shares of the real estate investment trust’s stock valued at $398,000 after acquiring an additional 147 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.

A number of brokerages have issued reports on HCP. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price target on shares of HCP in a report on Wednesday, October 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price target on shares of HCP in a report on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of HCP in a report on Tuesday, October 17th. BidaskClub downgraded shares of HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Morgan Stanley reduced their price target on shares of HCP from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, September 25th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.98.

ILLEGAL ACTIVITY WARNING: This report was first posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/10/23/hcp-inc-hcp-stake-increased-by-shell-asset-management-co.html.

Shares of HCP, Inc. (NYSE HCP) opened at 26.36 on Monday. The stock has a 50 day moving average of $28.06 and a 200-day moving average of $30.43. The company has a market capitalization of $12.36 billion, a P/E ratio of 17.97 and a beta of 0.38. HCP, Inc. has a 12-month low of $26.11 and a 12-month high of $36.60.

HCP (NYSE:HCP) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. HCP had a net margin of 32.16% and a return on equity of 9.96%. The firm had revenue of $458.90 million during the quarter, compared to analysts’ expectations of $456.29 million. During the same period last year, the business earned $0.71 earnings per share. HCP’s revenue was down 14.8% compared to the same quarter last year. Equities research analysts forecast that HCP, Inc. will post $1.34 EPS 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.

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).

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.