D’orazio Associates Lowers stake in HCP (HCP)

HCP (HCP) : D’orazio Associates reduced its stake in HCP by 21.06% during the most recent quarter end. The investment management company now holds a total of 190,829 shares of HCP which is valued at $6.5 Million after selling 50,895 shares in HCP , the firm said in a disclosure report filed with the SEC on May 13, 2016.HCP makes up approximately 2.51% of D’orazio Associates’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in HCP by selling 1,957 shares or 37.83% in the most recent quarter. The Hedge Fund company now holds 3,216 shares of HCP which is valued at $109,987. HCP makes up approx 0.03% of Mizuho Asset Managementltd.’s portfolio.Blue Chip Partners boosted its stake in HCP in the latest quarter, The investment management firm added 1,006 additional shares and now holds a total of 46,774 shares of HCP which is valued at $1.6 Million. HCP makes up approx 0.78% of Blue Chip Partners’s portfolio.Sfe Investment Counsel boosted its stake in HCP in the latest quarter, The investment management firm added 25,390 additional shares and now holds a total of 256,400 shares of HCP which is valued at $8.8 Million. HCP makes up approx 4.08% of Sfe Investment Counsel’s portfolio.Schwab Charles Investment Management Inc boosted its stake in HCP in the latest quarter, The investment management firm added 187,004 additional shares and now holds a total of 2,906,213 shares of HCP which is valued at $100.4 Million. HCP makes up approx 0.13% of Schwab Charles Investment Management Inc’s portfolio.Bbva Compass Bancshares Inc reduced its stake in HCP by selling 3,479 shares or 21.89% in the most recent quarter. The Hedge Fund company now holds 12,417 shares of HCP which is valued at $429,007. HCP makes up approx 0.03% of Bbva Compass Bancshares Inc’s portfolio.

HCP opened for trading at $32.6 and hit $32.7 on the upside on Wednesday, eventually ending the session at $32.58, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 29,59,781 shares. Company has a market cap of $15,218 M.

On the company’s financial health, HCP reported $0.69 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.69. The company had revenue of $640.80 million for the quarter, compared to analysts expectations of $613.89 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on HCP. HCP was Upgraded by Jefferies to ” Hold” on May 10, 2016. UBS Downgraded HCP on Mar 16, 2016 to ” Neutral”, Price Target of the shares are set at $31.Shares were Reiterated by Barclays on Mar 10, 2016 to “Underweight” and Lowered the Price Target to $ 33 from a previous price target of $37 .

HCP Inc. (HCP) is a real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing post-acute/skilled nursing life science medical office and hospital. Its portfolio includes owned portfolio unconsolidated joint ventures and developments and redevelopments. Its owned portfolio includes around 1040 properties under lease and 68 operating properties. It has interests in unconsolidated joint ventures representing around 88 properties in its senior housing life science and medical office segments. It has assets under development redevelopment and land held for future development in life science and medical office segments. The properties owned by it in medical office and senior housing segments which are under development or redevelopment include Pacific Corporate Park Memorial Hermann Sky Ridge Bayfront Folsom and Deer Park.

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