HCP, Inc. (NYSE:HCP) Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its holdings in HCP, Inc. (NYSE:HCP) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 745,485 shares of the real estate investment trust’s stock after buying an additional 912 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in HCP were worth $23,841,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in HCP by 174.6% during the 1st quarter. Janus Henderson Group PLC now owns 4,260,860 shares of the real estate investment trust’s stock worth $133,376,000 after purchasing an additional 2,709,368 shares in the last quarter. Unigestion Holding SA grew its position in HCP by 1,639.7% during the 2nd quarter. Unigestion Holding SA now owns 2,016,300 shares of the real estate investment trust’s stock worth $64,481,000 after purchasing an additional 1,900,400 shares in the last quarter. Resolution Capital Ltd grew its position in HCP by 18.9% during the 2nd quarter. Resolution Capital Ltd now owns 8,757,892 shares of the real estate investment trust’s stock worth $280,077,000 after purchasing an additional 1,393,502 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in HCP by 45.5% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 3,795,500 shares of the real estate investment trust’s stock worth $121,380,000 after purchasing an additional 1,186,800 shares in the last quarter. Finally, Schafer Cullen Capital Management Inc grew its position in HCP by 31.1% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 3,693,759 shares of the real estate investment trust’s stock worth $120,306,000 after purchasing an additional 875,312 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Shares of HCP stock traded up $0.21 on Friday, hitting $34.74. 15,860 shares of the company traded hands, compared to its average volume of 2,778,887. The company has a 50-day moving average price of $32.93 and a 200 day moving average price of $31.57. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. HCP, Inc. has a 12-month low of $24.47 and a 12-month high of $34.75. The company has a market cap of $16.69 billion, a PE ratio of 19.09, a PEG ratio of 6.75 and a beta of 0.31.

HCP (NYSE:HCP) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.46). HCP had a net margin of 53.57% and a return on equity of 15.54%. The company had revenue of $489.15 million for the quarter, compared to analysts’ expectations of $444.67 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that HCP, Inc. will post 1.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, August 2nd. HCP’s dividend payout ratio is currently 81.32%.

Several equities analysts have weighed in on HCP shares. KeyCorp lifted their price objective on shares of HCP from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, July 1st. TheStreet upgraded shares of HCP from a “c+” rating to a “b-” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on shares of HCP from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James upgraded shares of HCP from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.25.

HCP Company Profile

HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.

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Institutional Ownership by Quarter for HCP (NYSE:HCP)

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