Kempner Capital Management adds HCP (HCP) to its portfolio

HCP (HCP) : Kempner Capital Management added new position in HCP during the most recent quarter end. The investment management firm now holds 5,600 shares of HCP which is valued at $203,336 , the company said in a statement filed on Oct 4, 2016 with the SEC.HCP makes up approximately 0.14% of Kempner Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in HCP in the latest quarter, The investment management firm added 1,087 additional shares and now holds a total of 3,842 shares of HCP which is valued at $139,503. HCP makes up approx 0.03% of Washington Trust Bank’s portfolio.Beacon Financial Group reduced its stake in HCP by selling 604 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 29,861 shares of HCP which is valued at $1,084,253. HCP makes up approx 0.23% of Beacon Financial Group’s portfolio.

HCP closed down -0.77 points or -2.05% at $36.84 with 42,79,993 shares getting traded on Tuesday. Post opening the session at $37.76, the shares hit an intraday low of $36.46 and an intraday high of $37.815 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, HCP reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.70. The company had revenue of $662.20 million for the quarter, compared to analysts expectations of $623.74 million. The company’s revenue was up 9.0% 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 Upgraded by BofA/Merrill to ” Neutral” on Oct 4, 2016. Company shares were Reiterated by Mizuho on Aug 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 37 from a previous price target of $32 .HCP was Initiated by Raymond James to “Underperform” on Jul 26, 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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