Heitman Real Estate Securities LLC lessened its holdings in HCP, Inc. (NYSE:HCP) by 75.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 413,458 shares of the real estate investment trust’s stock after selling 1,284,926 shares during the period. Heitman Real Estate Securities LLC owned about 0.09% of HCP worth $10,783,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of HCP in the 4th quarter worth approximately $103,000. Fieldpoint Private Securities LLC purchased a new stake in HCP in the 3rd quarter worth approximately $147,000. Smith Shellnut Wilson LLC ADV purchased a new stake in HCP in the 3rd quarter worth approximately $234,000. Cullen Frost Bankers Inc. purchased a new stake in HCP in the 4th quarter worth approximately $244,000. Finally, Lourd Capital LLC purchased a new stake in HCP in the 4th quarter worth approximately $259,000. Hedge funds and other institutional investors own 88.63% of the company’s stock.
Shares of HCP, Inc. (NYSE:HCP) opened at $22.60 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.23. HCP, Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $33.67. The stock has a market cap of $10,609.42, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 4.14 and a beta of 0.34.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Thursday, February 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date was Wednesday, February 14th. HCP’s dividend payout ratio (DPR) is currently 172.09%.
In related news, insider Kendall K. Young acquired 14,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average cost of $21.91 per share, with a total value of $306,740.00. Following the acquisition, the insider now directly owns 48,544 shares in the company, valued at approximately $1,063,599.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.22% of the company’s stock.
Several equities research analysts recently issued reports on HCP shares. BMO Capital Markets set a $25.00 target price on shares of HCP and gave the stock a “hold” rating in a report on Monday, January 15th. Morgan Stanley reissued an “equal weight” rating and issued a $29.00 target price on shares of HCP in a report on Thursday, December 14th. Stifel Nicolaus raised shares of HCP from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, December 5th. Robert W. Baird reduced their target price on shares of HCP from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 5th. Finally, Mizuho set a $26.00 target price on shares of HCP and gave the stock a “buy” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. HCP has a consensus rating of “Hold” and a consensus target price of $27.54.
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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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