Accident Compensation Corp decreased its holdings in HCP, Inc. (NYSE:HCP) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,421 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Accident Compensation Corp’s holdings in HCP were worth $1,682,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of HCP. Sun Life Financial INC grew its stake in HCP by 42,675.0% during the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 3,414 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in HCP by 252.5% during the second quarter. Chicago Partners Investment Group LLC now owns 3,525 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 2,525 shares in the last quarter. Advisory Services Network LLC grew its stake in HCP by 4.1% during the second 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 in the last quarter. ClariVest Asset Management LLC purchased a new position in HCP during the second quarter valued at approximately $172,000. Finally, Penserra Capital Management LLC purchased a new position in HCP during the third quarter valued at approximately $163,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.
HCP, Inc. (NYSE:HCP) traded up $0.16 during mid-day trading on Wednesday, reaching $26.56. 3,769,800 shares of the company’s stock were exchanged, compared to its average volume of 3,690,433. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP, Inc. has a fifty-two week low of $25.08 and a fifty-two week high of $33.67. The stock has a market cap of $12,384.46, a PE ratio of 12.82, a PEG ratio of 2.82 and a beta of 0.38.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were paid a $0.37 dividend. The ex-dividend date was Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 5.57%. HCP’s dividend payout ratio is presently 133.33%.
Several equities analysts recently commented on the stock. Stifel Nicolaus raised shares of HCP from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Mizuho raised shares of HCP from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, November 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $28.00 price objective on shares of HCP in a research note on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of HCP in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.91.
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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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