HCP (HCP) : L S Advisors Inc added new position in HCP during the most recent quarter end. The investment management firm now holds 106,986 shares of HCP which is valued at $4,186,362 , the company said in a statement filed on Aug 15, 2016 with the SEC.HCP makes up approximately 0.92% of L S Advisors Inc’s portfolio.
Other Hedge Funds, Including , Magnetar Financial added HCP to its portfolio by purchasing 8,039 company shares during the most recent quarter which is valued at $314,566. HCP makes up approx 0.01% of Magnetar Financial’s portfolio.Forward Management reduced its stake in HCP by selling 3,050 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 51,000 shares of HCP which is valued at $1,993,590. HCP makes up approx 0.16% of Forward Management’s portfolio. Provise Management Group added HCP to its portfolio by purchasing 88,764 company shares during the most recent quarter which is valued at $3,469,785. HCP makes up approx 0.62% of Provise Management Group’s portfolio. Miller Howard Investments Inc Ny sold out all of its stake in HCP during the most recent quarter. The investment firm sold 1,618,274 shares of HCP which is valued $62,950,859.
HCP closed down -0.53 points or -1.35% at $38.8 with 26,68,167 shares getting traded on Thursday. Post opening the session at $39.35, the shares hit an intraday low of $38.5901 and an intraday high of $39.39 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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 was Upgraded by Goldman to ” Neutral” on Jul 8, 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.