Today The Beacon Investment Advisory Services Inc. Has $380,000 Position in HCP, Inc. (HCP)

Today The Beacon Investment Advisory Services Inc. Has $380,000 Position in HCP, Inc. (HCP)

Beacon Investment Advisory Services Inc. continued to hold its stake in HCP, Inc. (NYSE:HCP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,002 shares of the real estate investment trust’s stock at the end of the third quarter. Beacon Investment Advisory Services Inc.’s holdings in HCP were worth $380,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HCP. Lee Danner & Bass Inc. increased its stake in HCP by 0.8% in the second quarter. Lee Danner & Bass Inc. now owns 128,917 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 1,000 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in HCP by 3.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 145,684 shares of the real estate investment trust’s stock valued at $5,154,000 after buying an additional 5,388 shares during the period. Everence Capital Management Inc. purchased a new stake in HCP during the second quarter valued at about $306,000. Bank of New York Mellon Corp increased its stake in HCP by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 10,335,213 shares of the real estate investment trust’s stock valued at $365,660,000 after buying an additional 699,763 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in HCP by 19.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 226,564 shares of the real estate investment trust’s stock valued at $8,015,000 after buying an additional 36,134 shares during the period. 92.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HCP, Inc. (NYSE:HCP) traded down 0.513% during midday trading on Wednesday, hitting $30.085. 1,077,064 shares of the company were exchanged. The stock’s 50-day moving average is $29.97 and its 200-day moving average is $32.51. The stock’s market cap is $14.08 billion. HCP, Inc. has a one year low of $22.87 and a one year high of $36.82.

HCP (NYSE:HCP) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company earned $654.30 million during the quarter, compared to the consensus estimate of $634.11 million. HCP had a negative net margin of 1.16% and a negative return on equity of 0.32%. During the same period in the previous year, the firm posted $0.79 earnings per share. Equities research analysts anticipate that HCP, Inc. will post $1.42 EPS for the current year.

Several research firms recently issued reports on HCP. Bank of America Corporation raised shares of HCP from an “underperform” rating to a “neutral” rating and set a $38.50 price target on the stock in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of HCP from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, October 5th. Vetr raised shares of HCP from a “sell” rating to a “hold” rating and set a $36.58 price target on the stock in a research note on Thursday, October 13th. BTIG Research reaffirmed a “neutral” rating on shares of HCP in a research note on Tuesday, November 1st. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $33.00 price target on shares of HCP in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.28.

HCP Company Profile

HCP, Inc (HCP) is a self-administered 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.

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