HCP, Inc. (HCP) COO Thomas Klaritch Sells 82,532 Shares

HCP, Inc. (NYSE:HCP) COO Thomas Klaritch sold 82,532 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $29.51, for a total transaction of $2,435,519.32. Following the sale, the chief operating officer now owns 256,280 shares of the company’s stock, valued at approximately $7,562,822.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NYSE:HCP traded up $1.15 on Thursday, reaching $30.23. 7,406,607 shares of the company were exchanged, compared to its average volume of 3,562,895. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.21. HCP, Inc. has a 1-year low of $21.48 and a 1-year high of $30.26. The stock has a market cap of $13.67 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 7.33 and a beta of 0.23.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.90%. HCP’s dividend payout ratio (DPR) is presently 75.90%.

Several research firms recently commented on HCP. Robert W. Baird upped their price target on shares of HCP from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Zacks Investment Research reiterated a “sell” rating on shares of HCP in a research report on Tuesday, November 13th. Morgan Stanley upped their price target on shares of HCP from $23.50 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, August 16th. Mizuho reissued a “buy” rating and issued a $29.00 price objective on shares of HCP in a research note on Monday, August 13th. Finally, Cantor Fitzgerald boosted their price objective on shares of HCP from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.75.

Several large investors have recently bought and sold shares of HCP. Carnegie Capital Asset Management LLC grew its stake in HCP by 29.7% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 10,925 shares of the real estate investment trust’s stock valued at $317,000 after acquiring an additional 2,500 shares during the last quarter. Vanguard Group Inc. grew its stake in HCP by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 75,247,949 shares of the real estate investment trust’s stock valued at $1,980,527,000 after acquiring an additional 196,049 shares during the last quarter. Legal & General Group Plc grew its stake in HCP by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 3,690,653 shares of the real estate investment trust’s stock valued at $97,108,000 after acquiring an additional 44,998 shares during the last quarter. Standard Life Aberdeen plc grew its stake in HCP by 3.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 249,259 shares of the real estate investment trust’s stock valued at $6,562,000 after acquiring an additional 7,990 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in HCP by 2,572.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 26,188 shares of the real estate investment trust’s stock valued at $995,000 after acquiring an additional 25,208 shares during the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.

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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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