HCP, Inc. (HCP) Stake Lowered by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in HCP, Inc. (NYSE:HCP) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,606 shares of the real estate investment trust’s stock after selling 400 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in HCP were worth $115,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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 worth $4,285,000 after purchasing an additional 26,473 shares during the period. Lazard Asset Management LLC increased its stake in shares of 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 worth $2,842,000 after purchasing an additional 30,745 shares during the period. Willingdon Wealth Management increased its stake in shares of HCP by 3.1% in the second quarter. Willingdon Wealth Management now owns 42,942 shares of the real estate investment trust’s stock worth $1,372,000 after purchasing an additional 1,272 shares during the period. CIBC World Markets Inc. increased its stake in shares of 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 worth $1,363,000 after purchasing an additional 32,849 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of 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 worth $3,677,000 after purchasing an additional 17,536 shares during the period. Institutional investors and hedge funds own 89.61% of the company’s stock.

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A number of equities analysts have recently commented on HCP shares. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price objective on shares of HCP in a research note on Tuesday, July 25th. Zacks Investment Research lowered HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 price objective on shares of HCP in a research note on Wednesday, September 6th. Raymond James Financial, Inc. upgraded HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Wednesday, June 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $31.00 price objective on shares of HCP in a research note on Wednesday, July 5th. Four 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 company currently has a consensus rating of “Hold” and an average price target of $31.27.

Shares of HCP, Inc. (HCP) traded down 0.23% during trading on Thursday, reaching $26.40. The company had a trading volume of 509,886 shares. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 18.00 and a beta of 0.38. HCP, Inc. has a 12 month low of $26.26 and a 12 month high of $37.35. The firm has a 50 day moving average price of $28.68 and a 200 day moving average price of $30.66.

HCP (NYSE:HCP) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $458.90 million for the quarter, compared to analysts’ expectations of $456.29 million. HCP had a net margin of 32.16% and a return on equity of 9.96%. The business’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. Analysts predict that HCP, Inc. will post $1.35 earnings per share for the current year.

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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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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