NN Investment Partners Holdings N.V. acquired a new position in shares of HCP, Inc. (NYSE:HCP) during the third quarter, HoldingsChannel reports. The fund acquired 23,007 shares of the real estate investment trust’s stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stephens Inc. AR lifted its holdings in HCP by 5.1% during the 2nd quarter. Stephens Inc. AR now owns 40,944 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 1,993 shares in the last quarter. Advisor Partners LLC lifted its holdings in HCP by 20.7% during the 2nd quarter. Advisor Partners LLC now owns 11,864 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,038 shares in the last quarter. Amalgamated Bank lifted its holdings in HCP by 3.6% during the 2nd quarter. Amalgamated Bank now owns 60,479 shares of the real estate investment trust’s stock worth $1,562,000 after purchasing an additional 2,084 shares in the last quarter. Spearhead Capital Advisors LLC lifted its holdings in HCP by 1.8% during the 2nd quarter. Spearhead Capital Advisors LLC now owns 137,553 shares of the real estate investment trust’s stock worth $3,552,000 after purchasing an additional 2,398 shares in the last quarter. Finally, First Midwest Bank Trust Division lifted its holdings in HCP by 9.3% during the 2nd quarter. First Midwest Bank Trust Division now owns 28,695 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 2,433 shares in the last quarter. 87.64% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on HCP shares. Capital One Financial started coverage on HCP in a report on Tuesday, July 24th. They set an “equal weight” rating and a $27.50 price objective on the stock. Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Stifel Nicolaus set a $28.00 price target on HCP and gave the company a “buy” rating in a report on Friday, August 3rd. Cantor Fitzgerald began coverage on HCP in a report on Tuesday, August 7th. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, Robert W. Baird raised their price target on HCP from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.75.

NYSE:HCP opened at $28.72 on Thursday. HCP, Inc. has a twelve month low of $21.48 and a twelve month high of $28.73. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 7.15 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.48.

HCP (NYSE:HCP) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.10. HCP had a return on equity of 3.06% and a net margin of 9.16%. The firm had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $456.59 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts expect that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.15%. HCP’s dividend payout ratio is 75.90%.

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About HCP

HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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