Arbor Wealth Management buys $3,167,997 stake in HCP (HCP)

HCP (HCP) : Arbor Wealth Management scooped up 1,848 additional shares in HCP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 107,755 shares of HCP which is valued at $3,167,997.HCP makes up approximately 2.80% of Arbor Wealth Management’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies boosted its stake in HCP in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 5,710 shares of HCP which is valued at $167,874. HCP makes up approx 0.07% of Archford Capital Strategies’s portfolio.Teacher Retirement System Of Texas reduced its stake in HCP by selling 15,391 shares or 46.19% in the most recent quarter. The Hedge Fund company now holds 17,930 shares of HCP which is valued at $529,294.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in HCP in the latest quarter, The investment management firm added 10,300 additional shares and now holds a total of 44,626 shares of HCP which is valued at $1,359,754. HCP makes up approx 0.07% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Shinko Asset Management Ltd. boosted its stake in HCP in the latest quarter, The investment management firm added 2,373,840 additional shares and now holds a total of 14,345,204 shares of HCP which is valued at $517,574,960. HCP makes up approx 3.62% of Shinko Asset Management Ltd.’s portfolio.

HCP closed down -0.08 points or -0.28% at $28.68 with 30,52,653 shares getting traded on Monday. Post opening the session at $28.78, the shares hit an intraday low of $28.48 and an intraday high of $28.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, HCP reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.71.Analysts expectations of $ 626.34.During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on HCP. Mizuho Upgraded HCP on Nov 21, 2016 to ” Buy”, Price Target of the shares are set at $32.Shares were Upgraded by RBC Capital Mkts on Nov 4, 2016 to ” Sector Perform” and Lowered the Price Target to $ 30 from a previous price target of $35 .Shares were Reiterated by Mizuho on Nov 2, 2016 to “Neutral” and Lowered the Price Target to $ 31 from a previous price target of $37 .

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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