Tokio Marine Asset Management Co. Ltd. Has $751,000 Stake in HCP, Inc. (HCP)

Tokio Marine Asset Management Co. Ltd. Has $751,000 Stake in HCP, Inc. (HCP)

Tokio Marine Asset Management Co. Ltd. boosted its stake in HCP, Inc. (NYSE:HCP) by 37.5% during the third quarter, Holdings Channel reports. The fund owned 19,792 shares of the real estate investment trust’s stock after buying an additional 5,401 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HCP were worth $751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zacks Investment Management increased its position in shares of HCP by 3.1% in the second quarter. Zacks Investment Management now owns 407,096 shares of the real estate investment trust’s stock worth $14,403,000 after buying an additional 12,219 shares during the last quarter. APG Asset Management N.V. increased its position in shares of HCP by 40.9% in the third quarter. APG Asset Management N.V. now owns 480,262 shares of the real estate investment trust’s stock worth $18,226,000 after buying an additional 139,500 shares during the last quarter. Hanlon Investment Management Inc. bought a new position in shares of HCP during the second quarter worth about $4,763,000. LGT Capital Partners LTD. increased its position in shares of HCP by 16.5% in the third quarter. LGT Capital Partners LTD. now owns 514,400 shares of the real estate investment trust’s stock worth $19,521,000 after buying an additional 72,960 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its position in shares of HCP by 2.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 839,039 shares of the real estate investment trust’s stock worth $31,842,000 after buying an additional 22,838 shares during the last quarter. 92.47% of the stock is currently owned by institutional investors.

Shares of HCP, Inc. (NYSE:HCP) opened at 29.56 on Friday. HCP, Inc. has a 52-week low of $22.87 and a 52-week high of $36.82. The stock’s market cap is $13.83 billion. The stock’s 50 day moving average is $29.95 and its 200 day moving average is $32.45.

HCP (NYSE:HCP) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. HCP had a negative return on equity of 0.32% and a negative net margin of 1.16%. The company had revenue of $654.30 million for the quarter, compared to analyst estimates of $634.11 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, equities analysts predict that HCP, Inc. will post $1.42 EPS for the current fiscal year.

HCP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of HCP from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, October 5th. Vetr raised shares of HCP from a “buy” rating to a “strong-buy” rating and set a $32.83 target price on the stock in a research report on Monday, November 21st. BTIG Research reaffirmed a “neutral” rating on shares of HCP in a research report on Tuesday, November 1st. Stifel Nicolaus raised shares of HCP from a “sell” rating to a “hold” rating and reduced their target price for the stock from $33.00 to $31.00 in a research report on Wednesday, November 2nd. Finally, Bank of America Corporation raised shares of HCP from an “underperform” rating to a “neutral” rating and set a $38.50 target price on the stock in a research report on Tuesday, October 4th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently 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.

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