HCP, Inc. (HCP) Stake Cut by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp cut its stake in HCP, Inc. (NYSE:HCP) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,918 shares of the real estate investment trust’s stock after selling 913 shares during the period. MUFG Americas Holdings Corp’s holdings in HCP were worth $621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vicus Capital increased its position in 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 increased 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 worth $6,673,000 after buying an additional 126,459 shares during the last quarter. Foster & Motley Inc. increased 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 worth $1,443,000 after buying an additional 3,062 shares during the last quarter. ProVise Management Group LLC acquired a new position in shares of HCP during the second quarter worth approximately $3,140,000. Finally, Lee Danner & Bass Inc. increased 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 worth $4,561,000 after buying an additional 1,000 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

HCP, Inc. (NYSE:HCP) traded up 1.698% during trading on Monday, hitting $30.845. 1,769,505 shares of the stock were exchanged. The stock’s market cap is $14.43 billion. The stock’s 50 day moving average price is $30.24 and its 200 day moving average price is $32.16. HCP, Inc. has a 12 month low of $26.03 and a 12 month high of $40.43.

HCP (NYSE:HCP) last announced its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $540 million for the quarter, compared to analysts’ expectations of $527.10 million. HCP had a negative net margin of 1.16% and a negative return on equity of 0.32%. HCP’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Analysts forecast that HCP, Inc. will post $1.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.37 per share. The ex-dividend date 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 (DPR) is -1,850.00%.

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A number of brokerages recently commented on HCP. Vetr downgraded shares of HCP from a “buy” rating to a “hold” rating and set a $31.53 price target for the company. in a report on Monday, December 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $32.00 price target on shares of HCP in a report on Thursday, January 5th. RBC Capital Markets raised shares of HCP from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $35.00 to $30.00 in a report on Friday, November 4th. Royal Bank Of Canada raised shares of HCP from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $35.00 to $30.00 in a report on Friday, November 4th. Finally, Mizuho lowered their price target on shares of HCP from $37.00 to $31.00 and set a “neutral” rating for the company 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 stock. The company presently has an average rating of “Hold” and an average target price of $33.28.

About HCP

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).

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