Sfe Investment Counsel Lowers stake in HCP (HCP)

HCP (HCP) : Sfe Investment Counsel reduced its stake in HCP by 1.63% during the most recent quarter end. The investment management company now holds a total of 252,210 shares of HCP which is valued at $9,858,889 after selling 4,190 shares in HCP , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.HCP makes up approximately 4.42% of Sfe Investment Counsel’s portfolio.

Other Hedge Funds, Including , Lee Danner Bass Inc boosted its stake in HCP in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 128,917 shares of HCP which is valued at $5,039,366. HCP makes up approx 0.61% of Lee Danner Bass Inc’s portfolio.Markston International reduced its stake in HCP by selling 9,738 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 291,440 shares of HCP which is valued at $11,269,985. HCP makes up approx 1.02% of Markston International’s portfolio.Checchi Capital Advisers boosted its stake in HCP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 5,288 shares of HCP which is valued at $205,703. HCP makes up approx 0.05% of Checchi Capital Advisers’s portfolio.Sumitomo Life Insurance Co reduced its stake in HCP by selling 1,374 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 39,062 shares of HCP which is valued at $1,459,747. HCP makes up approx 0.19% of Sumitomo Life Insurance Co’s portfolio. North Star Investment Management Corp. sold out all of its stake in HCP during the most recent quarter. The investment firm sold 1,200 shares of HCP which is valued $44,916.

HCP opened for trading at $38.44 and hit $38.68 on the upside on Monday, eventually ending the session at $38.44, with a gain of 0.08% or 0.03 points. The heightened volatility saw the trading volume jump to 20,26,001 shares. Company has a market cap of $17,955 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 Initiated by Raymond James to “Underperform” on Jul 26, 2016. HCP was Upgraded by Goldman to ” Neutral” on Jul 8, 2016. HCP was Downgraded by Morgan Stanley to ” Underweight” on Jun 22, 2016.

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.

Leave a Reply

HCP - Is it time to Sell?

Top Brokerage Firms are advising their investors on HCP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.