HCP, Inc. (NYSE:HCP) COO Thomas Klaritch sold 82,532 shares of HCP stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $29.51, for a total transaction of $2,435,519.32. Following the transaction, the chief operating officer now directly owns 256,280 shares in the company, valued at $7,562,822.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of HCP stock traded up $1.15 during trading on Thursday, reaching $30.23. The company’s stock had a trading volume of 7,406,607 shares, compared to its average volume of 3,562,895. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $13.67 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 7.33 and a beta of 0.23. HCP, Inc. has a 1-year low of $21.48 and a 1-year high of $30.26.
HCP (NYSE:HCP) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. The firm had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $456.59 million. HCP had a net margin of 9.16% and a return on equity of 3.06%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, research analysts forecast that HCP, Inc. will post 1.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Monday, November 5th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, November 2nd. HCP’s dividend payout ratio (DPR) is currently 75.90%.
Several hedge funds have recently made changes to their positions in HCP. Mount Yale Investment Advisors LLC acquired a new position in shares of HCP in the second quarter valued at approximately $104,000. Piedmont Investment Advisors LLC acquired a new position in HCP during the 2nd quarter worth approximately $142,000. Peoples Financial Services CORP. grew its holdings in HCP by 87.7% during the 3rd quarter. Peoples Financial Services CORP. now owns 6,100 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 2,850 shares in the last quarter. Wetherby Asset Management Inc. acquired a new position in HCP during the 3rd quarter worth approximately $200,000. Finally, Lourd Capital LLC acquired a new position in HCP during the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 90.00% of the company’s stock.
HCP has been the topic of a number of analyst reports. ValuEngine raised shares of HCP from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Mizuho reaffirmed a “buy” rating and set a $29.00 target price on shares of HCP in a research note on Monday, August 13th. Bank of America lifted their price target on shares of HCP from $27.50 to $28.00 and gave the company a “buy” rating in a research report on Monday, September 17th. Morgan Stanley lifted their price target on shares of HCP from $23.50 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, August 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $27.00 price target on shares of HCP in a research report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.75.
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HCP, Inc is a fully integrated real estate investment trust (REIT) that invests in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio primarily diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.
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