State Board of Administration of Florida Retirement System Has $19.09 Million Holdings in HCP, Inc. (HCP)

State Board of Administration of Florida Retirement System boosted its stake in HCP, Inc. (NYSE:HCP) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 725,114 shares of the real estate investment trust’s stock after buying an additional 2,094 shares during the period. State Board of Administration of Florida Retirement System owned 0.15% of HCP worth $19,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Security Capital Research & Management Inc. increased its holdings in shares of HCP by 20.2% during the second quarter. Security Capital Research & Management Inc. now owns 12,680,529 shares of the real estate investment trust’s stock valued at $327,411,000 after purchasing an additional 2,129,250 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HCP by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,178,265 shares of the real estate investment trust’s stock valued at $185,341,000 after purchasing an additional 100,296 shares during the period. Resolution Capital Ltd increased its holdings in shares of HCP by 118.1% during the second quarter. Resolution Capital Ltd now owns 6,481,980 shares of the real estate investment trust’s stock valued at $167,365,000 after purchasing an additional 3,509,889 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of HCP by 5.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,030,874 shares of the real estate investment trust’s stock valued at $129,898,000 after purchasing an additional 245,207 shares during the period. Finally, AEW Capital Management L P increased its holdings in shares of HCP by 131.4% during the second quarter. AEW Capital Management L P now owns 4,928,900 shares of the real estate investment trust’s stock valued at $127,264,000 after purchasing an additional 2,798,600 shares during the period. 87.64% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HCP opened at $28.82 on Friday. The stock has a market cap of $13.50 billion, a P/E ratio of 15.36, a PEG ratio of 7.21 and a beta of 0.16. HCP, Inc. has a 52-week low of $21.48 and a 52-week high of $28.92. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.21.

HCP (NYSE:HCP) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. The firm had revenue of $456.00 million for the quarter, compared to analyst estimates of $456.59 million. HCP had a return on equity of 3.06% and a net margin of 9.16%. HCP’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. Sell-side analysts anticipate that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, November 2nd. HCP’s payout ratio is currently 75.90%.

HCP has been the topic of a number of research analyst reports. Mizuho reissued a “buy” rating and set a $29.00 price target on shares of HCP in a report on Monday, August 13th. Bank of America raised their price target on HCP from $27.50 to $28.00 and gave the company a “buy” rating in a report on Monday, September 17th. Stifel Nicolaus set a $28.00 price target on HCP and gave the company a “buy” rating in a report on Friday, August 3rd. Capital One Financial assumed coverage on HCP in a report on Tuesday, July 24th. They set an “equal weight” rating and a $27.50 target price on the stock. Finally, Morgan Stanley lifted their target price on HCP from $23.50 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.75.

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About HCP

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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