HCP (HCP) : Shinko Asset Management Ltd. scooped up 630,695 additional shares in HCP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 11,971,364 shares of HCP which is valued at $465,686,060.HCP makes up approximately 3.16% of Shinko Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in HCP by selling 2 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 6 shares of HCP which is valued at $233. Kanaly Trust Co sold out all of its stake in HCP during the most recent quarter. The investment firm sold 8 shares of HCP which is valued $311.Penn Davis Mcfarland Inc reduced its stake in HCP by selling 73,977 shares or 87.16% in the most recent quarter. The Hedge Fund company now holds 10,901 shares of HCP which is valued at $407,370. HCP makes up approx 0.11% of Penn Davis Mcfarland Inc’s portfolio. Randolph Co Inc sold out all of its stake in HCP during the most recent quarter. The investment firm sold 408,825 shares of HCP which is valued $15,302,320.Dnb Asset Management As boosted its stake in HCP in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 37,966 shares of HCP which is valued at $1,364,498. HCP makes up approx 0.03% of Dnb Asset Management As’s portfolio.
HCP opened for trading at $39.05 and hit $39.6 on the upside on Friday, eventually ending the session at $39.23, with a gain of 0.54% or 0.21 points. The heightened volatility saw the trading volume jump to 48,11,095 shares. Company has a market cap of $18,324 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.