HCP, Inc. (HCP) Holdings Lifted by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of HCP, Inc. (NYSE:HCP) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 841,402 shares of the real estate investment trust’s stock after acquiring an additional 104,013 shares during the quarter. Sei Investments Co. owned 0.18% of HCP worth $23,416,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in HCP by 6.0% during the third quarter. BNP Paribas Arbitrage SA now owns 650,345 shares of the real estate investment trust’s stock worth $18,099,000 after acquiring an additional 36,839 shares in the last quarter. Advantus Capital Management Inc raised its stake in HCP by 19.0% during the third quarter. Advantus Capital Management Inc now owns 704,257 shares of the real estate investment trust’s stock worth $19,599,000 after acquiring an additional 112,593 shares in the last quarter. Swiss National Bank grew its holdings in shares of HCP by 0.9% during the third quarter. Swiss National Bank now owns 1,725,621 shares of the real estate investment trust’s stock worth $48,024,000 after purchasing an additional 14,900 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of HCP by 475.0% during the third quarter. Principal Financial Group Inc. now owns 4,284,833 shares of the real estate investment trust’s stock worth $119,248,000 after purchasing an additional 3,539,670 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of HCP by 238.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 164,855 shares of the real estate investment trust’s stock worth $4,588,000 after purchasing an additional 116,183 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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Shares of HCP, Inc. (HCP) opened at $27.23 on Tuesday. The company has a market capitalization of $12,670.62, a PE ratio of 13.11, a PEG ratio of 2.88 and a beta of 0.36. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.17. HCP, Inc. has a 1 year low of $25.08 and a 1 year high of $33.67.

HCP (NYSE:HCP) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $454.00 million for the quarter, compared to analyst estimates of $440.60 million. HCP had a return on equity of 8.85% and a net margin of 27.31%. HCP’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. research analysts forecast that HCP, Inc. will post 1.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Friday, November 3rd. HCP’s dividend payout ratio is currently 133.33%.

Several analysts have recently commented on HCP shares. Jefferies Group LLC restated a “hold” rating and set a $33.00 target price on shares of HCP in a report on Tuesday, July 25th. Bank of America Corporation cut HCP from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $31.00 in a report on Friday, September 22nd. Zacks Investment Research cut HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $32.00 target price on shares of HCP in a report on Wednesday, September 6th. Finally, UBS AG cut HCP from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $30.00 to $25.00 in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. HCP has a consensus rating of “Hold” and an average target price of $30.91.

HCP Profile

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.

Institutional Ownership by Quarter for HCP (NYSE:HCP)

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