HCP, Inc. (HCP) Shares Bought by Accident Compensation Corp

Accident Compensation Corp raised its position in shares of HCP, Inc. (NYSE:HCP) by 9.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,421 shares of the real estate investment trust’s stock after purchasing an additional 6,000 shares during the quarter. Accident Compensation Corp’s holdings in HCP were worth $2,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Kempen Capital Management N.V. grew its stake in HCP by 30.0% during the 2nd quarter. Kempen Capital Management N.V. now owns 263,904 shares of the real estate investment trust’s stock valued at $8,435,000 after purchasing an additional 60,930 shares during the last quarter. ProShare Advisors LLC grew its stake in HCP by 27.3% during the 2nd quarter. ProShare Advisors LLC now owns 210,458 shares of the real estate investment trust’s stock valued at $6,726,000 after purchasing an additional 45,181 shares during the last quarter. Profund Advisors LLC grew its stake in HCP by 18.4% during the 2nd quarter. Profund Advisors LLC now owns 28,577 shares of the real estate investment trust’s stock valued at $913,000 after purchasing an additional 4,451 shares during the last quarter. Stevens Capital Management LP purchased a new stake in HCP during the 2nd quarter valued at about $15,435,000. Finally, BT Investment Management Ltd purchased a new stake in HCP during the 2nd quarter valued at about $1,244,000. Institutional investors and hedge funds own 89.75% of the company’s stock.

HCP has been the topic of several research analyst reports. BidaskClub upgraded HCP from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price target on shares of HCP in a research note on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $31.00 price target on shares of HCP in a research note on Wednesday, July 5th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Raymond James Financial, Inc. upgraded HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. HCP currently has an average rating of “Hold” and a consensus target price of $32.84.

Shares of HCP, Inc. (NYSE HCP) traded down 0.10% during mid-day trading on Friday, hitting $29.45. The stock had a trading volume of 7,466,018 shares. HCP, Inc. has a 52-week low of $27.61 and a 52-week high of $36.16. The firm has a 50 day moving average price of $29.75 and a 200 day moving average price of $31.05. The firm has a market cap of $13.81 billion, a PE ratio of 20.07 and a beta of 0.38.

HCP (NYSE:HCP) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.48 earnings per share (EPS) 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 return on equity of 9.96% and a net margin of 32.16%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Equities analysts predict that HCP, Inc. will post $1.35 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 5.03%. The ex-dividend date was Thursday, August 3rd. HCP’s dividend payout ratio (DPR) is presently 102.07%.

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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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