Nomura Asset Management Co. Ltd. lifted its holdings in HCP, Inc. (NYSE:HCP) by 1.1% in the second quarter, HoldingsChannel reports. The firm owned 357,376 shares of the real estate investment trust’s stock after buying an additional 3,924 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in HCP were worth $9,228,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisor Partners LLC lifted its stake in HCP by 20.7% in the second quarter. Advisor Partners LLC now owns 11,864 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 2,038 shares during the last quarter. Amalgamated Bank lifted its stake in HCP by 3.6% in the second quarter. Amalgamated Bank now owns 60,479 shares of the real estate investment trust’s stock worth $1,562,000 after acquiring an additional 2,084 shares during the last quarter. Honeywell International Inc. lifted its stake in HCP by 1.4% in the first quarter. Honeywell International Inc. now owns 163,881 shares of the real estate investment trust’s stock worth $3,807,000 after acquiring an additional 2,205 shares during the last quarter. Tyers Asset Management LLC lifted its stake in HCP by 2.8% in the first quarter. Tyers Asset Management LLC now owns 85,968 shares of the real estate investment trust’s stock worth $1,997,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Spearhead Capital Advisors LLC lifted its stake in HCP by 1.8% in the second quarter. Spearhead Capital Advisors LLC now owns 137,553 shares of the real estate investment trust’s stock worth $3,552,000 after acquiring an additional 2,398 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.
A number of research analysts recently issued reports on HCP shares. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of HCP in a research note on Thursday, May 3rd. ValuEngine downgraded shares of HCP from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Raymond James downgraded shares of HCP from an “outperform” rating to a “market perform” rating in a research report on Monday, May 21st. Evercore ISI downgraded shares of HCP from an “in-line” rating to an “underperform” rating and boosted their price objective for the stock from $23.02 to $24.00 in a research report on Monday, May 21st. Finally, Morgan Stanley reduced their price objective on shares of HCP from $28.00 to $23.50 and set an “equal weight” rating for the company in a research report on Thursday, June 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. HCP presently has a consensus rating of “Hold” and a consensus target price of $25.93.
Shares of NYSE:HCP opened at $25.98 on Friday. The company has a market cap of $12.29 billion, a PE ratio of 13.70, a P/E/G ratio of 4.80 and a beta of 0.30. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. HCP, Inc. has a twelve month low of $21.48 and a twelve month high of $30.59.
HCP (NYSE:HCP) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.27). The company had revenue of $469.60 million for the quarter, compared to analysts’ expectations of $463.94 million. HCP had a return on equity of 1.12% and a net margin of 3.39%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. equities research analysts forecast that HCP, Inc. will post 1.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Stockholders of record on Wednesday, August 8th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.70%. HCP’s payout ratio is 75.90%.
HCP Company Profile
HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.
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