Kemper Corp Master Retirement Trust buys $813,708 stake in HCP (HCP)

HCP (HCP) : Kemper Corp Master Retirement Trust scooped up 4,875 additional shares in HCP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 20,795 shares of HCP which is valued at $813,708.HCP makes up approximately 0.50% of Kemper Corp Master Retirement Trust’s portfolio.

Other Hedge Funds, Including , Mackenzie Financial Corp boosted its stake in HCP in the latest quarter, The investment management firm added 1,566 additional shares and now holds a total of 13,864 shares of HCP which is valued at $542,498.Dixon Hubard Feinour Brown Incva boosted its stake in HCP in the latest quarter, The investment management firm added 2,625 additional shares and now holds a total of 68,651 shares of HCP which is valued at $2,686,314. HCP makes up approx 0.83% of Dixon Hubard Feinour Brown Incva’s portfolio.California State Teachers Retirement System boosted its stake in HCP in the latest quarter, The investment management firm added 10,493 additional shares and now holds a total of 1,019,006 shares of HCP which is valued at $39,832,945. HCP makes up approx 0.08% of California State Teachers Retirement System’s portfolio. Callahan Advisors added HCP to its portfolio by purchasing 5,870 company shares during the most recent quarter which is valued at $226,993. HCP makes up approx 0.06% of Callahan Advisors’s portfolio.Eastern Bank reduced its stake in HCP by selling 1,224 shares or 11.83% in the most recent quarter. The Hedge Fund company now holds 9,126 shares of HCP which is valued at $341,039. HCP makes up approx 0.03% of Eastern Bank’s portfolio.

HCP opened for trading at $38.74 and hit $39.38 on the upside on Monday, eventually ending the session at $39.13, with a gain of 1.01% or 0.39 points. The heightened volatility saw the trading volume jump to 18,69,769 shares. Company has a market cap of $18,297 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.

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