Provise Management Group adds HCP (HCP) to its portfolio

HCP (HCP) : Provise Management Group added new position in HCP during the most recent quarter end. The investment management firm now holds 88,764 shares of HCP which is valued at $3,469,785 , the company said in a statement filed on Aug 2, 2016 with the SEC.HCP makes up approximately 0.62% of Provise Management Group’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services reduced its stake in HCP by selling 479 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 58,621 shares of HCP which is valued at $2,291,495. HCP makes up approx 0.44% of Investors Capital Advisory Services’s portfolio.Conning boosted its stake in HCP in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 54,156 shares of HCP which is valued at $2,094,213. HCP makes up approx 0.09% of Conning’s portfolio.Winslow Evans Crocker reduced its stake in HCP by selling 1,609 shares or 46.71% in the most recent quarter. The Hedge Fund company now holds 1,836 shares of HCP which is valued at $71,420. HCP makes up approx 0.02% of Winslow Evans Crocker’s portfolio.New York State Teachers Retirement System reduced its stake in HCP by selling 1,954 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 804,984 shares of HCP which is valued at $31,313,878. HCP makes up approx 0.08% of New York State Teachers Retirement System’s portfolio.

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.

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