464,430 Shares in HCP, Inc. (HCP) Acquired by Manufacturers Life Insurance Company, Report finds

464,430 Shares in HCP, Inc. (HCP) Acquired by Manufacturers Life Insurance Company, Report finds

The Manufacturers Life Insurance Company purchased a new stake in shares of HCP, Inc. (NYSE:HCP) during the third quarter, Holdings Channel reports. The firm purchased 464,430 shares of the real estate investment trust’s stock, valued at approximately $16,045,000. The Manufacturers Life Insurance Company owned about 0.10% of HCP at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Advisory Services Network LLC raised its stake in HCP by 29.2% in the second quarter. Advisory Services Network LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 961 shares in the last quarter. Hedeker Wealth LLC raised its stake in shares of HCP by 1.5% in the second quarter. Hedeker Wealth LLC now owns 12,570 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 190 shares during the period. Henderson Group PLC raised its stake in shares of HCP by 23.2% in the second quarter. Henderson Group PLC now owns 76,454 shares of the real estate investment trust’s stock worth $2,705,000 after buying an additional 14,395 shares during the period. DT Investment Partners LLC raised its stake in shares of HCP by 21.3% in the second quarter. DT Investment Partners LLC now owns 28,307 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 4,971 shares during the period. Finally, Concert Wealth Management Inc. raised its stake in shares of HCP by 16.3% in the second quarter. Concert Wealth Management Inc. now owns 73,030 shares of the real estate investment trust’s stock worth $2,595,000 after buying an additional 10,245 shares during the period. 93.28% of the stock is owned by hedge funds and other institutional investors.

Shares of HCP, Inc. (NYSE:HCP) traded up 0.52% during trading on Wednesday, hitting $30.91. The stock had a trading volume of 2,260,636 shares. The stock’s market cap is $14.46 billion. HCP, Inc. has a 12 month low of $25.11 and a 12 month high of $40.43. The company’s 50 day moving average price is $30.15 and its 200 day moving average price is $32.21.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.79%. The ex-dividend date is Monday, February 13th. HCP’s dividend payout ratio (DPR) is presently -1,850.00%.

A number of equities research analysts have issued reports on HCP shares. Vetr lowered shares of HCP from a “buy” rating to a “hold” rating and set a $30.75 price objective for the company. in a report on Tuesday, December 20th. Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 price objective on shares of HCP in a report on Thursday, January 5th. RBC Capital Markets set a $30.00 price objective on shares of HCP and gave the company a “hold” rating in a report on Tuesday, January 3rd. BMO Capital Markets reaffirmed a “sell” rating and set a $33.00 price objective on shares of HCP in a report on Tuesday, November 1st. Finally, Royal Bank Of Canada raised shares of HCP from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $35.00 to $30.00 in a report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. HCP has a consensus rating of “Hold” and a consensus price target of $33.28.

About HCP

HCP, Inc (HCP) is a self-administered 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.

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).

Related posts

Leave a Comment

464,430 Shares in HCP, Inc. (HCP) Acquired by Manufacturers Life Insurance Company

464,430 Shares in HCP, Inc. (HCP) Acquired by Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of HCP, Inc. (NYSE:HCP) during the third quarter, Holdings Channel reports. The firm purchased 464,430 shares of the real estate investment trust’s stock, valued at approximately $16,045,000. The Manufacturers Life Insurance Company owned about 0.10% of HCP at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Advisory Services Network LLC raised its stake in HCP by 29.2% in the second quarter. Advisory Services Network LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 961 shares in the last quarter. Hedeker Wealth LLC raised its stake in shares of HCP by 1.5% in the second quarter. Hedeker Wealth LLC now owns 12,570 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 190 shares during the period. Henderson Group PLC raised its stake in shares of HCP by 23.2% in the second quarter. Henderson Group PLC now owns 76,454 shares of the real estate investment trust’s stock worth $2,705,000 after buying an additional 14,395 shares during the period. DT Investment Partners LLC raised its stake in shares of HCP by 21.3% in the second quarter. DT Investment Partners LLC now owns 28,307 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 4,971 shares during the period. Finally, Concert Wealth Management Inc. raised its stake in shares of HCP by 16.3% in the second quarter. Concert Wealth Management Inc. now owns 73,030 shares of the real estate investment trust’s stock worth $2,595,000 after buying an additional 10,245 shares during the period. 93.28% of the stock is owned by hedge funds and other institutional investors.

Shares of HCP, Inc. (NYSE:HCP) traded up 0.52% during trading on Wednesday, hitting $30.91. The stock had a trading volume of 2,260,636 shares. The stock’s market cap is $14.46 billion. HCP, Inc. has a 12 month low of $25.11 and a 12 month high of $40.43. The company’s 50 day moving average price is $30.15 and its 200 day moving average price is $32.21.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.79%. The ex-dividend date is Monday, February 13th. HCP’s dividend payout ratio (DPR) is presently -1,850.00%.

A number of equities research analysts have issued reports on HCP shares. Vetr lowered shares of HCP from a “buy” rating to a “hold” rating and set a $30.75 price objective for the company. in a report on Tuesday, December 20th. Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 price objective on shares of HCP in a report on Thursday, January 5th. RBC Capital Markets set a $30.00 price objective on shares of HCP and gave the company a “hold” rating in a report on Tuesday, January 3rd. BMO Capital Markets reaffirmed a “sell” rating and set a $33.00 price objective on shares of HCP in a report on Tuesday, November 1st. Finally, Royal Bank Of Canada raised shares of HCP from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $35.00 to $30.00 in a report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. HCP has a consensus rating of “Hold” and a consensus price target of $33.28.

About HCP

HCP, Inc (HCP) is a self-administered 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.

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).

Related posts

Leave a Comment