HCP, Inc. (HCP) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its stake in HCP, Inc. (NYSE:HCP) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,487,822 shares of the real estate investment trust’s stock after acquiring an additional 558,897 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.73% of HCP worth $97,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in HCP. Cohen & Steers Inc. lifted its stake in shares of HCP by 317.6% during the 3rd quarter. Cohen & Steers Inc. now owns 16,962,610 shares of the real estate investment trust’s stock valued at $446,456,000 after buying an additional 12,900,457 shares in the last quarter. BlackRock Inc. increased its holdings in HCP by 4.1% during the 4th quarter. BlackRock Inc. now owns 46,146,172 shares of the real estate investment trust’s stock worth $1,288,861,000 after acquiring an additional 1,830,425 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in HCP by 2,678.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,425,966 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,374,646 shares during the period. Cullen Capital Management LLC increased its holdings in HCP by 212.0% during the 3rd quarter. Cullen Capital Management LLC now owns 1,376,670 shares of the real estate investment trust’s stock worth $36,234,000 after acquiring an additional 935,390 shares during the period. Finally, Geode Capital Management LLC increased its holdings in HCP by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 7,752,843 shares of the real estate investment trust’s stock worth $216,236,000 after acquiring an additional 821,285 shares during the period. Institutional investors own 94.74% of the company’s stock.

A number of analysts recently weighed in on HCP shares. Scotiabank started coverage on shares of HCP in a report on Monday, December 10th. They set an “outperform” rating and a $32.00 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 target price on shares of HCP in a report on Wednesday, February 13th. Robert W. Baird raised shares of HCP from a “neutral” rating to an “outperform” rating in a report on Monday, January 7th. TheStreet raised shares of HCP from a “c” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of HCP from a “sell” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.14.

Shares of NYSE:HCP opened at $31.13 on Monday. The firm has a market capitalization 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, Inc. has a one year low of $21.80 and a one year high of $31.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.64 and a current ratio of 0.64.

HCP (NYSE:HCP) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $1.30. The firm had revenue of $441.92 million for the quarter, compared to analyst estimates of $445.81 million. HCP had a net margin of 57.41% and a return on equity of 18.40%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Research analysts expect that HCP, Inc. will post 1.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Tuesday, February 19th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Friday, February 15th. HCP’s payout ratio is 81.32%.

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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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