United Capital Financial Advisers LLC cut its position in shares of HCP, Inc. (NYSE:HCP) by 31.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,979 shares of the real estate investment trust’s stock after selling 12,686 shares during the period. United Capital Financial Advisers LLC’s holdings in HCP were worth $875,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HCP. Founders Capital Management bought a new stake in HCP during the first quarter worth $106,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in HCP during the fourth quarter worth $114,000. Advisory Services Network LLC bought a new stake in HCP during the first quarter worth $114,000. Nwam LLC bought a new stake in HCP during the first quarter worth $200,000. Finally, Genesee Valley Trust Co. bought a new stake in HCP during the first quarter worth $201,000. Institutional investors and hedge funds own 88.98% of the company’s stock.
Shares of HCP, Inc. (NYSE HCP) traded up 0.889% during mid-day trading on Friday, hitting $33.475. The stock had a trading volume of 790,122 shares. The stock’s 50-day moving average is $31.37 and its 200 day moving average is $30.88. HCP, Inc. has a 1-year low of $27.61 and a 1-year high of $40.43. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 16.140 and a beta of 0.42.
HCP (NYSE:HCP) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. HCP had a net margin of 41.38% and a return on equity of 12.39%. The company had revenue of $492.16 million for the quarter, compared to analysts’ expectations of $514.82 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. HCP’s quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts predict that HCP, Inc. will post $1.36 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Evercore ISI downgraded HCP from an “in-line” rating to an “underperform” rating in a report on Monday, April 24th. Raymond James Financial, Inc. upgraded HCP from an “underperform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Wednesday, June 14th. Morgan Stanley upgraded HCP from an “underweight” rating to an “equal weight” rating and set a $31.00 price objective for the company in a report on Monday, March 20th. Mitsubishi UFJ Financial Group began coverage on HCP in a report on Friday, April 21st. They issued a “hold” rating and a $32.00 price objective for the company. Finally, Robert W. Baird began coverage on HCP in a report on Friday, March 10th. They set a “neutral” rating and a $32.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. HCP currently has a consensus rating of “Hold” and an average price target of $33.18.
In related news, insider Thomas Klaritch sold 2,651 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $31.53, for a total transaction of $83,586.03. Following the transaction, the insider now owns 176,830 shares in the company, valued at $5,575,449.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by insiders.
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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