Suntrust Banks Inc. decreased its holdings in HCP, Inc. (NYSE:HCP) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,035 shares of the real estate investment trust’s stock after selling 1,038 shares during the period. Suntrust Banks Inc.’s holdings in HCP were worth $384,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of HCP by 6.0% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 64,900 shares of the real estate investment trust’s stock worth $2,074,000 after purchasing an additional 3,695 shares in the last quarter. Timbercreek Asset Management Ltd. increased its holdings in shares of HCP by 26.2% in the 2nd quarter. Timbercreek Asset Management Ltd. now owns 519,527 shares of the real estate investment trust’s stock worth $16,604,000 after purchasing an additional 107,700 shares in the last quarter. Wealthfront Inc. bought a new stake in shares of HCP in the 2nd quarter worth $770,000. California Public Employees Retirement System increased its holdings in shares of HCP by 0.4% in the 2nd quarter. California Public Employees Retirement System now owns 1,120,560 shares of the real estate investment trust’s stock worth $35,813,000 after purchasing an additional 4,100 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of HCP by 2.1% in the 2nd quarter. MML Investors Services LLC now owns 69,603 shares of the real estate investment trust’s stock worth $2,225,000 after purchasing an additional 1,426 shares in the last quarter. 89.61% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the company. KeyCorp reissued a “hold” rating on shares of HCP in a report on Sunday, September 17th. Mizuho reissued a “neutral” rating on shares of HCP in a report on Wednesday, June 28th. BidaskClub lowered HCP from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets restated a “hold” rating and issued a $32.00 price target on shares of HCP in a research note on Wednesday, September 6th. Four equities 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.27.
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HCP, Inc. (NYSE:HCP) opened at 26.43 on Friday. The stock has a 50 day moving average price of $28.60 and a 200-day moving average price of $30.63. The stock has a market capitalization of $12.39 billion, a P/E ratio of 18.02 and a beta of 0.38. HCP, Inc. has a 1-year low of $26.26 and a 1-year high of $34.02.
HCP (NYSE:HCP) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating the 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 company had revenue of $458.90 million for the quarter, compared to analyst estimates of $456.29 million. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis. Equities research analysts expect that HCP, Inc. will post $1.34 EPS for the current year.
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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