HCP, Inc. (NYSE:HCP) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC cut its stake in HCP, Inc. (NYSE:HCP) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,038 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Fernwood Investment Management LLC’s holdings in HCP were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wetherby Asset Management Inc. increased its stake in shares of HCP by 3.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 8,918 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 331 shares during the last quarter. 6 Meridian increased its position in shares of HCP by 2.2% during the 2nd quarter. 6 Meridian now owns 16,338 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 352 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of HCP by 23.1% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,881 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 353 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in shares of HCP by 1.8% during the 1st quarter. Duncker Streett & Co. Inc. now owns 22,690 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 402 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of HCP by 1.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 45,925 shares of the real estate investment trust’s stock worth $1,437,000 after purchasing an additional 450 shares during the last quarter. 93.88% of the stock is owned by institutional investors and hedge funds.

NYSE HCP traded up $0.65 during trading on Thursday, hitting $34.14. The stock had a trading volume of 152,708 shares, compared to its average volume of 2,461,096. The company has a market capitalization of $16.56 billion, a P/E ratio of 18.82, a PEG ratio of 6.70 and a beta of 0.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average is $32.55. HCP, Inc. has a twelve month low of $24.47 and a twelve month high of $34.30.



HCP (NYSE:HCP) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.46). The firm had revenue of $489.15 million during the quarter, compared to analyst estimates of $444.67 million. HCP had a net margin of 53.57% and a return on equity of 15.54%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that HCP, Inc. will post 1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.34%. The ex-dividend date is Friday, August 2nd. HCP’s dividend payout ratio is currently 81.32%.

A number of analysts recently issued reports on HCP shares. Stifel Nicolaus raised their price objective on HCP from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James raised HCP from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Thursday, June 13th. TheStreet raised HCP from a “c+” rating to a “b-” rating in a research report on Friday, August 2nd. Finally, KeyCorp raised their price objective on HCP from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, July 1st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.25.

About HCP

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.

Further Reading: What is Depreciation?

Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).

Institutional Ownership by Quarter for HCP (NYSE:HCP)

Receive News & Ratings for HCP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP and related companies with MarketBeat.com's FREE daily email newsletter.