Cwm LLC decreased its position in HCP, Inc. (NYSE:HCP) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,371 shares of the real estate investment trust’s stock after selling 129 shares during the period. Cwm LLC’s holdings in HCP were worth $204,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in HCP. Peoples Financial Services CORP. boosted its position in shares of 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 worth $104,000 after buying an additional 125 shares in the last quarter. Founders Capital Management acquired a new position in shares of HCP during the first quarter worth approximately $106,000. Advisory Services Network LLC acquired a new position in shares of HCP during the first quarter worth approximately $114,000. Nwam LLC acquired a new position in shares of HCP during the first quarter worth approximately $200,000. Finally, Soros Fund Management LLC acquired a new position in shares of HCP during the first quarter worth approximately $200,000. 88.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of HCP, Inc. (HCP) opened at 32.10 on Thursday. HCP, Inc. has a one year low of $27.61 and a one year high of $40.43. The company has a market capitalization of $15.04 billion, a PE ratio of 15.48 and a beta of 0.37. The stock has a 50 day moving average of $31.99 and a 200-day moving average of $31.24.
HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. HCP had a net margin of 41.38% and a return on equity of 12.39%. The business had revenue of $492.16 million for the quarter, compared to analysts’ expectations of $514.82 million. During the same period in the previous year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts forecast that HCP, Inc. will post $1.35 earnings per share for the current fiscal year.
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HCP has been the subject of a number of research analyst reports. UBS AG upgraded shares of HCP from an “underperform” rating to an “outperform” rating in a research note on Wednesday, June 14th. BidaskClub upgraded shares of HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 target price on shares of HCP in a research note on Friday, July 14th. Mizuho reiterated a “neutral” rating on shares of HCP in a research note on Wednesday, June 28th. Finally, Bank of America Corporation upgraded shares of HCP from a “neutral” rating to a “buy” rating and lifted their target price for the company from $33.25 to $35.00 in a research note on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. HCP currently has an average rating of “Hold” and an average price target of $33.55.
In related news, insider Thomas Klaritch sold 2,651 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total transaction of $83,586.03. Following the transaction, the insider now directly owns 176,830 shares in the company, valued at $5,575,449.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.
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.
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