Rafferty Asset Management LLC Has $3.38 Million Holdings in HCP, Inc. (HCP)

Rafferty Asset Management LLC lowered its stake in HCP, Inc. (NYSE:HCP) by 9.3% in the third quarter, Holdings Channel reports. The institutional investor owned 128,508 shares of the real estate investment trust’s stock after selling 13,236 shares during the quarter. Rafferty Asset Management LLC’s holdings in HCP were worth $3,382,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. lifted its position in shares of HCP by 4.0% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 45,900 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 1,770 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of HCP by 2.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 89,768 shares of the real estate investment trust’s stock worth $2,363,000 after purchasing an additional 1,883 shares during the last quarter. Stephens Inc. AR lifted its position in shares of HCP by 5.1% during the 2nd quarter. Stephens Inc. AR now owns 40,944 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 1,993 shares during the last quarter. Advisor Partners LLC lifted its position in shares of HCP by 20.7% during the 2nd quarter. Advisor Partners LLC now owns 11,864 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of HCP by 3.6% during the 2nd quarter. Amalgamated Bank now owns 60,479 shares of the real estate investment trust’s stock worth $1,562,000 after purchasing an additional 2,084 shares during the last quarter. 89.32% of the stock is owned by institutional investors.

HCP stock opened at $28.76 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 7.25 and a beta of 0.16. HCP, Inc. has a 12 month low of $21.48 and a 12 month high of $29.32.

HCP (NYSE:HCP) last posted its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.11 by $0.10. The firm had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $456.59 million. HCP had a return on equity of 3.06% and a net margin of 9.16%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts expect that HCP, Inc. will post 1.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th were issued a $0.37 dividend. The ex-dividend date was Friday, November 2nd. This represents a $1.48 annualized dividend and a yield of 5.15%. HCP’s dividend payout ratio (DPR) is 75.90%.

Several equities analysts recently weighed in on HCP shares. Cantor Fitzgerald started coverage on HCP in a research report on Tuesday, August 7th. They set a “neutral” rating and a $28.00 price objective for the company. ValuEngine raised HCP from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Stifel Nicolaus set a $28.00 price objective on HCP and gave the stock a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research raised HCP from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Bank of America boosted their price objective on HCP from $27.50 to $28.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued 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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HCP 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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