HCP – lead up to ex div date – new long position

HCP was an upcoming ex-dividend date of 4th of February.

The dividend yield at the moment is right around 6.4%.

HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments. It engages in acquisition, development, leasing, selling and managing of healthcare real estate and provides mortgage and other financing to healthcare providers.

Opened the long position at 35.09.

hcp_entry_point

At 4.38 PM Paris Time, the current status is as shown below.

HCP_5_Day_Chart_Current

This position was closed out at 35.5.  The market seemed to be a bit jumpy so closed it out for now.

The intraday chart just after the position was closed is shown below. HCP was breaking through the intraday high.

HCP_Position_Closed

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