Alethea Capital Management LLC bought a new stake in shares of HCP, Inc. (NYSE:HCP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,392 shares of the real estate investment trust’s stock, valued at approximately $517,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vicus Capital raised its position in shares of HCP by 6.3% in the second quarter. Vicus Capital now owns 7,067 shares of the real estate investment trust’s stock valued at $250,000 after buying an additional 416 shares during the period. Quantbot Technologies LP raised its position in shares of HCP by 203.5% in the second quarter. Quantbot Technologies LP now owns 188,611 shares of the real estate investment trust’s stock valued at $6,673,000 after buying an additional 126,459 shares during the period. Foster & Motley Inc. raised its position in shares of HCP by 8.1% in the second quarter. Foster & Motley Inc. now owns 40,776 shares of the real estate investment trust’s stock valued at $1,443,000 after buying an additional 3,062 shares during the period. ProVise Management Group LLC acquired a new position in shares of HCP during the second quarter valued at about $3,140,000. Finally, Lee Danner & Bass Inc. raised its position in shares of HCP by 0.8% in the second quarter. Lee Danner & Bass Inc. now owns 128,917 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.
HCP, Inc. (NYSE:HCP) traded up 0.07% during trading on Friday, hitting $30.70. The company had a trading volume of 3,180,285 shares. HCP, Inc. has a 52-week low of $23.73 and a 52-week high of $36.82. The firm’s 50 day moving average is $30.24 and its 200-day moving average is $32.16. The stock’s market capitalization is $14.37 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.82%. HCP’s dividend payout ratio is presently -1,850.00%.
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A number of analysts recently issued reports on HCP shares. Vetr upgraded HCP from a “hold” rating to a “buy” rating and set a $36.58 price target for the company in a report on Wednesday, October 26th. BTIG Research reiterated a “neutral” rating on shares of HCP in a report on Tuesday, November 1st. BMO Capital Markets reiterated a “sell” rating and issued a $33.00 price target on shares of HCP in a report on Tuesday, November 1st. Stifel Nicolaus upgraded HCP from a “sell” rating to a “hold” rating and lowered their price target for the company from $33.00 to $31.00 in a report on Wednesday, November 2nd. Finally, Mizuho lowered their price target on HCP from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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