HCP (HCP) : D’orazio Associates reduced its stake in HCP by 61.23% during the most recent quarter end. The investment management company now holds a total of 73,984 shares of HCP which is valued at $2,843,945 after selling 116,845 shares in HCP , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.HCP makes up approximately 1.03% of D’orazio Associates’s portfolio.
Other Hedge Funds, Including , First Personal Financial Services added HCP to its portfolio by purchasing 249 company shares during the most recent quarter which is valued at $9,572.State Treasurer State Of Michigan boosted its stake in HCP in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 162,247 shares of HCP which is valued at $6,342,235. HCP makes up approx 0.05% of State Treasurer State Of Michigan’s portfolio.World Asset Management Inc boosted its stake in HCP in the latest quarter, The investment management firm added 4,803 additional shares and now holds a total of 77,515 shares of HCP which is valued at $3,030,061. HCP makes up approx 0.11% of World Asset Management Inc’s portfolio.First Midwest Bank Trust Division reduced its stake in HCP by selling 750 shares or 3.42% in the most recent quarter. The Hedge Fund company now holds 21,162 shares of HCP which is valued at $818,335. HCP makes up approx 0.10% of First Midwest Bank Trust Division’s portfolio.
HCP opened for trading at $39.31 and hit $39.745 on the upside on Wednesday, eventually ending the session at $39.61, with a gain of 0.97% or 0.38 points. The heightened volatility saw the trading volume jump to 56,60,115 shares. Company has a market cap of $18,521 M.
On the company’s financial health, HCP reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.70. The company had revenue of $662.20 million for the quarter, compared to analysts expectations of $623.74 million. The company’s revenue was up 9.0% 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. Company shares were Reiterated by Mizuho on Aug 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .HCP was Initiated by Raymond James to “Underperform” on Jul 26, 2016. HCP was Upgraded by Goldman to ” Neutral” on Jul 8, 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.