First Trust Advisors LP lessened its holdings in shares of HCP, Inc. (NYSE:HCP) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,780 shares of the real estate investment trust’s stock after selling 4,359 shares during the period. First Trust Advisors LP’s holdings in HCP were worth $2,591,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. CWM LLC boosted its position in shares of HCP by 9.2% during the fourth quarter. CWM LLC now owns 4,064 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 341 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of HCP by 1.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 32,640 shares of the real estate investment trust’s stock valued at $912,000 after buying an additional 400 shares during the period. Moody National Bank Trust Division boosted its position in shares of HCP by 1.3% during the fourth quarter. Moody National Bank Trust Division now owns 38,592 shares of the real estate investment trust’s stock valued at $1,078,000 after buying an additional 477 shares during the period. DT Investment Partners LLC boosted its position in shares of HCP by 0.4% during the fourth quarter. DT Investment Partners LLC now owns 145,727 shares of the real estate investment trust’s stock valued at $4,070,000 after buying an additional 629 shares during the period. Finally, Advisor Partners LLC boosted its position in shares of HCP by 5.0% during the fourth quarter. Advisor Partners LLC now owns 14,033 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 669 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.
Several brokerages have issued reports on HCP. TheStreet upgraded HCP from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. Scotiabank started coverage on shares of HCP in a research note on Monday, December 10th. They set an “outperform” rating and a $32.00 price target for the company. Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets raised shares of HCP from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, January 9th. Finally, Robert W. Baird raised shares of HCP from a “neutral” rating to an “outperform” rating in a research note on Monday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $28.14.
HCP stock opened at $31.13 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. HCP, Inc. has a fifty-two week low of $21.80 and a fifty-two week high of $31.88. The company has a market cap of $14.87 billion, a PE ratio of 17.10, a P/E/G ratio of 7.75 and a beta of 0.46.
HCP (NYSE:HCP) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $1.30. HCP had a net margin of 57.41% and a return on equity of 18.40%. The firm had revenue of $441.92 million during the quarter, compared to the consensus estimate of $445.81 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts predict that HCP, Inc. will post 1.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Tuesday, February 19th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, February 15th. HCP’s dividend payout ratio (DPR) is 81.32%.
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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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