HCP, Inc. (HCP) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its position in shares of HCP, Inc. (NYSE:HCP) by 89.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,010 shares of the real estate investment trust’s stock after selling 79,204 shares during the period. Squarepoint Ops LLC’s holdings in HCP were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HCP. Suntrust Banks Inc. boosted its position in shares of HCP by 11.0% during the fourth quarter. Suntrust Banks Inc. now owns 20,531 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 2,034 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of HCP by 19.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,487,822 shares of the real estate investment trust’s stock valued at $97,414,000 after buying an additional 558,897 shares during the period. Two Sigma Advisers LP boosted its position in shares of HCP by 207.6% during the fourth quarter. Two Sigma Advisers LP now owns 430,200 shares of the real estate investment trust’s stock valued at $12,015,000 after buying an additional 290,356 shares during the period. Weiss Multi Strategy Advisers LLC boosted its position in shares of HCP by 122.4% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 1,005,000 shares of the real estate investment trust’s stock valued at $28,070,000 after buying an additional 553,030 shares during the period. Finally, Crestline Management LP purchased a new position in shares of HCP during the fourth quarter valued at approximately $3,693,000. Hedge funds and other institutional investors own 95.64% of the company’s stock.

Several analysts have recently weighed in on HCP shares. TheStreet raised shares of HCP from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of HCP in a research note on Wednesday, February 13th. Morgan Stanley set a $32.00 price target on shares of HCP and gave the company a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Finally, Robert W. Baird raised shares of HCP from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $28.95.

Shares of NYSE:HCP opened at $29.83 on Wednesday. The company has a market capitalization of $14.72 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 7.68 and a beta of 0.46. HCP, Inc. has a 52 week low of $21.80 and a 52 week high of $32.23. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.85.

HCP (NYSE:HCP) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $1.30. The company had revenue of $441.92 million during the quarter, compared to the consensus estimate of $445.81 million. HCP had a net margin of 57.41% and a return on equity of 18.40%. HCP’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. On average, sell-side analysts predict that HCP, Inc. will post 1.74 EPS for the current fiscal year.

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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.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Institutional Ownership by Quarter for HCP (NYSE:HCP)

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