We Are One Seven LLC Acquires 345 Shares of HCP, Inc. (NYSE:HCP)

We Are One Seven LLC increased its holdings in HCP, Inc. (NYSE:HCP) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,042 shares of the real estate investment trust’s stock after purchasing an additional 345 shares during the quarter. We Are One Seven LLC’s holdings in HCP were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HCP. Westside Investment Management Inc. bought a new stake in HCP during the 2nd quarter valued at approximately $31,000. NEXT Financial Group Inc boosted its position in HCP by 181.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,125 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 725 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in HCP during the 1st quarter valued at approximately $37,000. CSat Investment Advisory L.P. boosted its position in HCP by 77.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,165 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 509 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in HCP during the 2nd quarter valued at approximately $51,000. 95.43% of the stock is currently owned by institutional investors.

In related news, COO Thomas Klaritch sold 35,014 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $36.02, for a total value of $1,261,204.28. Following the completion of the transaction, the chief operating officer now directly owns 230,529 shares in the company, valued at approximately $8,303,654.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Several analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on HCP from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. They noted that the move was a valuation call. Barclays lifted their price objective on HCP from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. ValuEngine cut HCP from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James raised HCP from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. raised HCP from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $38.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.78.

Shares of HCP opened at $36.51 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $35.17 and its 200-day moving average price is $32.60. HCP, Inc. has a 52 week low of $24.47 and a 52 week high of $36.80. The stock has a market cap of $17.90 billion, a P/E ratio of 20.06, a P/E/G ratio of 6.79 and a beta of 0.23.

HCP (NYSE:HCP) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.46). HCP had a return on equity of 15.54% and a net margin of 53.57%. The company had revenue of $489.15 million during the quarter, compared to the consensus estimate of $444.67 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that HCP, Inc. will post 1.75 EPS for the current year.

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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