Daiwa Securities Group buys $526 Million stake in HCP (HCP)

HCP (HCP) : Daiwa Securities Group scooped up 5,912,709 additional shares in HCP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 15,380,569 shares of HCP which is valued at $526 Million.HCP makes up approximately 3.43% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board reduced its stake in HCP by selling 34,500 shares or 22.67% in the most recent quarter. The Hedge Fund company now holds 117,700 shares of HCP which is valued at $4 Million. HCP makes up approx 0.19% of New Mexico Educational Retirement Board’s portfolio.Shell Asset Management Co reduced its stake in HCP by selling 37,541 shares or 20.95% in the most recent quarter. The Hedge Fund company now holds 141,610 shares of HCP which is valued at $4.8 Million. HCP makes up approx 0.12% of Shell Asset Management Co’s portfolio.Schroder Investment Management Group reduced its stake in HCP by selling 290,623 shares or 69.81% in the most recent quarter. The Hedge Fund company now holds 125,690 shares of HCP which is valued at $4.3 Million. HCP makes up approx 0.01% of Schroder Investment Management Group’s portfolio.Motco boosted its stake in HCP in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 5,082 shares of HCP which is valued at $175,583. HCP makes up approx 0.02% of Motco’s portfolio.

HCP opened for trading at $32.48 and hit $32.54 on the upside on Friday, eventually ending the session at $32.34, with a gain of 0.25% or 0.08 points. The heightened volatility saw the trading volume jump to 27,62,556 shares. Company has a market cap of $15,106 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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