2,132,998 Shares in HCP, Inc. (HCP) Acquired by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC acquired a new stake in shares of HCP, Inc. (NYSE:HCP) during the fourth quarter, Holdings Channel reports. The fund acquired 2,132,998 shares of the real estate investment trust’s stock, valued at approximately $63,393,000. HCP accounts for about 3.9% of Heitman Real Estate Securities LLC’s holdings, making the stock its 7th largest position. Heitman Real Estate Securities LLC owned approximately 0.46% of HCP at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cohen & Steers Inc. boosted its position in HCP by 9.7% in the second quarter. Cohen & Steers Inc. now owns 40,390,203 shares of the real estate investment trust’s stock valued at $1,429,005,000 after buying an additional 3,565,515 shares during the period. State Street Corp boosted its position in HCP by 12.0% in the second quarter. State Street Corp now owns 39,551,521 shares of the real estate investment trust’s stock valued at $1,399,338,000 after buying an additional 4,237,902 shares during the last quarter. BlackRock Fund Advisors boosted its position in HCP by 4.3% in the third quarter. BlackRock Fund Advisors now owns 14,778,869 shares of the real estate investment trust’s stock valued at $560,858,000 after buying an additional 611,560 shares during the last quarter. Shinko Asset Management Co. Ltd. boosted its position in HCP by 19.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 14,345,204 shares of the real estate investment trust’s stock valued at $544,400,000 after buying an additional 2,373,840 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in HCP by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 10,439,947 shares of the real estate investment trust’s stock valued at $396,196,000 after buying an additional 104,734 shares during the last quarter. 93.28% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

Shares of HCP, Inc. (NYSE:HCP) traded up 0.07% during midday trading on Friday, reaching $30.70. The company’s stock had a trading volume of 3,180,285 shares. The firm’s market capitalization is $14.37 billion. The stock has a 50-day moving average of $30.24 and a 200 day moving average of $32.16. HCP, Inc. has a 12-month low of $23.73 and a 12-month high of $36.82.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Monday, February 13th. HCP’s dividend payout ratio is currently -1,850.00%.

TRADEMARK VIOLATION NOTICE: “2,132,998 Shares in HCP, Inc. (HCP) Acquired by Heitman Real Estate Securities LLC” was reported by sleekmoney and is the property of of sleekmoney. If you are accessing this news story on another domain, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this news story can be viewed at http://sleekmoney.com/2132998-shares-in-hcp-inc-hcp-acquired-by-heitman-real-estate-securities-llc/1655923.html.

Several equities analysts have recently weighed in on HCP shares. Vetr cut HCP from a “buy” rating to a “hold” rating and set a $30.75 price target on the stock. in a report on Tuesday, December 20th. Barclays PLC reissued an “equal weight” rating and set a $32.00 price target on shares of HCP in a report on Thursday, January 5th. RBC Capital Markets set a $30.00 price target on HCP and gave the company a “hold” rating in a report on Tuesday, January 3rd. BMO Capital Markets reissued a “sell” rating and set a $33.00 price target on shares of HCP in a report on Tuesday, November 1st. Finally, Mizuho lowered their price target on HCP from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. HCP has a consensus rating of “Hold” and a consensus price target of $33.28.

HCP Company Profile

HCP, Inc (HCP) is a self-administered real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital.

5 Day Chart for NYSE:HCP

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/2132998-shares-in-hcp-inc-hcp-acquired-by-heitman-real-estate-securities-llc/1655923.html

Receive News & Ratings for HCP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *