HCP, Inc. (NYSE:HCP) CAO Scott A. Anderson sold 10,000 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $29.94, for a total transaction of $299,400.00. Following the completion of the transaction, the chief accounting officer now owns 27,345 shares of the company’s stock, valued at approximately $818,709.30. The sale was disclosed in a filing with the SEC, which is available at this link.
HCP, Inc. (NYSE:HCP) opened at 30.17 on Tuesday. The stock has a market cap of $14.12 billion, a P/E ratio of 22.53 and a beta of 0.27. HCP, Inc. has a 12 month low of $27.61 and a 12 month high of $40.43. The firm’s 50-day moving average is $30.89 and its 200-day moving average is $31.34.
HCP (NYSE:HCP) last posted its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $540 million for the quarter, compared to analyst estimates of $527.10 million. HCP had a net margin of 25.10% and a return on equity of 6.51%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. On average, equities analysts forecast that HCP, Inc. will post $0.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.91%. HCP’s dividend payout ratio is currently 111.28%.
Several hedge funds have recently bought and sold shares of HCP. Harvest Fund Management Co. Ltd purchased a new stake in HCP during the fourth quarter worth about $107,000. Peoples Financial Services CORP. bought a new stake in HCP during the third quarter worth $114,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in HCP during the fourth quarter worth $114,000. Washington Trust Bank increased its stake in HCP by 39.5% in the third quarter. Washington Trust Bank now owns 3,842 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,087 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in HCP by 3,115.7% in the third quarter. Tower Research Capital LLC TRC now owns 4,084 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 3,957 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
Several research analysts have recently issued reports on the stock. Goldman Sachs Group Inc upgraded shares of HCP from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $35.00 in a report on Wednesday, January 25th. Zacks Investment Research upgraded shares of HCP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Vetr downgraded shares of HCP from a “strong-buy” rating to a “buy” rating and set a $31.53 price target for the company. in a research report on Monday, December 5th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target on shares of HCP in a research report on Tuesday, February 14th. Finally, Morgan Stanley upgraded shares of HCP from an “underweight” rating to an “equal weight” rating and set a $31.00 price target for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company. HCP currently has an average rating of “Hold” and a consensus price target of $33.30.
HCP Company Profile
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.