Sawyer & Company Inc purchased a new stake in HCP, Inc. (NYSE:HCP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 27,813 shares of the real estate investment trust’s stock, valued at approximately $725,000.
Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC grew its holdings in HCP by 42,675.0% during the second quarter. Sun Life Financial INC now owns 3,422 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 3,414 shares during the period. Advisory Services Network LLC lifted its position in HCP by 4.1% during the second 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 period. Fieldpoint Private Securities LLC purchased a new position in HCP during the third quarter worth about $147,000. Penserra Capital Management LLC purchased a new position in HCP during the third quarter worth about $163,000. Finally, Cetera Investment Advisers purchased a new position in HCP during the second quarter worth about $208,000. 89.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HCP, Inc. (HCP) traded down $0.14 during midday trading on Thursday, hitting $24.36. The company had a trading volume of 3,465,300 shares, compared to its average volume of 3,660,443. The company has a market cap of $11,350.00, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 2.78 and a beta of 0.33. HCP, Inc. has a 1-year low of $24.19 and a 1-year high of $33.67. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17.
HCP (NYSE:HCP) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. equities research analysts forecast that HCP, Inc. will post 1.94 earnings per share for the current year.
A number of research firms have recently commented on HCP. Stifel Nicolaus restated a “hold” rating and issued a $30.00 price objective on shares of HCP in a report on Wednesday, October 4th. ValuEngine lowered HCP from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Robert W. Baird decreased their target price on HCP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, January 5th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of HCP in a research report on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of HCP in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and an average price target of $30.36.
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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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