Today The Markston International LLC Has $10,226,000 Position in HCP, Inc. (HCP)

Today The Markston International LLC Has $10,226,000 Position in HCP, Inc. (HCP)

Markston International LLC decreased its stake in shares of HCP, Inc. (NYSE:HCP) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,469 shares of the real estate investment trust’s stock after selling 21,971 shares during the period. Markston International LLC’s holdings in HCP were worth $10,226,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in HCP by 0.5% in the third quarter. Arizona State Retirement System now owns 115,144 shares of the real estate investment trust’s stock valued at $4,370,000 after buying an additional 600 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in HCP by 37.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,792 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 5,401 shares in the last quarter. OLD National Bancorp IN bought a new stake in HCP during the third quarter valued at $215,000. NEXT Financial Group Inc increased its stake in HCP by 23.5% in the third quarter. NEXT Financial Group Inc now owns 9,097 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 1,732 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in HCP by 2.8% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 839,039 shares of the real estate investment trust’s stock valued at $31,842,000 after buying an additional 22,838 shares in the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.

Shares of HCP, Inc. (NYSE:HCP) traded down 1.042% during midday trading on Wednesday, hitting $29.925. 1,538,132 shares of the stock were exchanged. The company’s market cap is $14.00 billion. HCP, Inc. has a 12 month low of $22.87 and a 12 month high of $36.82. The stock has a 50 day moving average price of $29.97 and a 200-day moving average price of $32.51.

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

Several analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) raised shares of HCP from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and set a $32.00 price target on shares of HCP in a research note on Thursday, January 5th. RBC Capital Markets set a $30.00 price target on shares of HCP and gave the company a “hold” rating in a research note on Tuesday, January 3rd. Zacks Investment Research downgraded shares of HCP from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 3rd. Finally, Vetr downgraded shares of HCP from a “buy” rating to a “hold” rating and set a $30.75 price target for the company. in a research note on Monday, January 2nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. HCP currently has a consensus rating of “Hold” and an average target price of $33.28.

About HCP

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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