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.
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%.
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.
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