Huntington National Bank lessened its holdings in HCP, Inc. (NYSE:HCP) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,175 shares of the real estate investment trust’s stock after selling 5,218 shares during the period. Huntington National Bank’s holdings in HCP were worth $1,022,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of HCP by 4.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,782 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 150 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of HCP in the 3rd quarter worth approximately $147,000. Penserra Capital Management LLC purchased a new position in shares of HCP in the 3rd quarter worth approximately $163,000. Koch Industries Inc. purchased a new position in shares of HCP in the 2nd quarter worth approximately $208,000. Finally, Cetera Investment Advisers purchased a new position in shares of HCP in the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 90.97% of the company’s stock.
A number of equities analysts have recently weighed in on the company. ValuEngine downgraded HCP from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $25.00 price objective on HCP and gave the company a “hold” rating in a research note on Monday, January 15th. Robert W. Baird dropped their price objective on HCP from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, January 5th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. upgraded HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research note on Friday, December 15th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. HCP presently has an average rating of “Hold” and an average price target of $30.14.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.48 annualized dividend and a dividend yield of 6.54%. HCP’s dividend payout ratio is currently 133.33%.
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HCP Company Profile
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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