Deutsche Bank AG raised its stake in shares of HCP, Inc. (NYSE:HCP) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,143,491 shares of the real estate investment trust’s stock after acquiring an additional 342,434 shares during the quarter. Deutsche Bank AG owned approximately 0.46% of HCP worth $55,898,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HCP. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in HCP during the 4th quarter valued at $103,000. Fieldpoint Private Securities LLC bought a new stake in HCP during the 3rd quarter valued at $147,000. Smith Shellnut Wilson LLC ADV bought a new stake in HCP during the 3rd quarter valued at $234,000. Cullen Frost Bankers Inc. bought a new stake in HCP during the 4th quarter valued at $244,000. Finally, Lourd Capital LLC bought a new stake in HCP during the 4th quarter valued at $259,000. 88.63% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on HCP shares. Stifel Nicolaus raised HCP from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $29.00 target price on shares of HCP in a research report on Thursday, December 14th. JPMorgan Chase & Co. raised HCP from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research report on Friday, December 15th. ValuEngine cut HCP from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. HCP has an average rating of “Hold” and an average target price of $27.54.
Shares of HCP, Inc. (NYSE:HCP) opened at $23.00 on Wednesday. HCP, Inc. has a twelve month low of $21.48 and a twelve month high of $33.67. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $10,853.53, a price-to-earnings ratio of 26.74, a PEG ratio of 4.24 and a beta of 0.34.
HCP (NYSE:HCP) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. HCP had a return on equity of 6.99% and a net margin of 22.37%. The firm had revenue of $443.30 million during the quarter, compared to analyst estimates of $448.54 million. During the same quarter in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. sell-side analysts expect that HCP, Inc. will post 1.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Thursday, February 15th were paid a $0.37 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.43%. HCP’s dividend payout ratio (DPR) is 172.09%.
In other news, insider Kendall K. Young bought 14,000 shares of HCP stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average price of $21.91 per share, for a total transaction of $306,740.00. Following the purchase, the insider now directly owns 48,544 shares of the company’s stock, valued at approximately $1,063,599.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.
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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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