Victory Capital Management Inc. increased its stake in shares of HCP, Inc. (NYSE:HCP) by 65.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 114,290 shares of the real estate investment trust’s stock after buying an additional 45,300 shares during the quarter. Victory Capital Management Inc.’s holdings in HCP were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in HCP. Advisory Services Network LLC grew its holdings in shares of 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 valued at $121,000 after buying an additional 150 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of HCP during the third quarter valued at $147,000. Penserra Capital Management LLC purchased a new stake in shares of HCP during the third quarter valued at $163,000. Cetera Investment Advisers purchased a new stake in HCP in the second quarter valued at $208,000. Finally, First City Capital Management Inc. purchased a new stake in HCP in the third quarter valued at $212,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on HCP. ValuEngine lowered shares of HCP from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. JPMorgan Chase & Co. raised shares of HCP from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a report on Friday, December 15th. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Jefferies Group reaffirmed a “hold” rating and issued a $26.00 price target on shares of HCP in a report on Tuesday, February 13th. Finally, BMO Capital Markets set a $25.00 price target on shares of HCP and gave the company a “hold” rating in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $28.62.
In other news, insider Kendall K. Young acquired 14,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average price of $21.91 per share, for a total transaction of $306,740.00. Following the completion of the transaction, the insider now owns 48,544 shares in the company, valued at approximately $1,063,599.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.
HCP, Inc. (HCP) opened at $22.68 on Tuesday. The firm has a market cap of $10,646.98, a PE ratio of 26.37, a price-to-earnings-growth ratio of 4.15 and a beta of 0.27. HCP, Inc. has a 1 year low of $21.64 and a 1 year high of $33.67. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.31 and a quick ratio of 0.31.
HCP (NYSE:HCP) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $443.30 million during the quarter, compared to the consensus estimate of $448.54 million. HCP had a net margin of 22.37% and a return on equity of 6.99%. The company’s revenue was down 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. sell-side analysts expect that HCP, Inc. will post 1.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th will be given a $0.37 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.53%. HCP’s dividend payout ratio (DPR) is currently 172.09%.
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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