Hudson Bay Capital Management LP Grows Position in Healthpeak Properties, Inc. (NYSE:DOC)

Hudson Bay Capital Management LP boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 839,518 shares of the real estate investment trust’s stock after buying an additional 249,635 shares during the quarter. Hudson Bay Capital Management LP owned 0.12% of Healthpeak Properties worth $17,017,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Norges Bank purchased a new stake in Healthpeak Properties during the 4th quarter valued at $166,804,000. Long Pond Capital LP purchased a new position in shares of Healthpeak Properties in the 4th quarter worth $86,885,000. JPMorgan Chase & Co. grew its holdings in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust’s stock worth $213,367,000 after acquiring an additional 2,590,530 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 11,337 shares of Healthpeak Properties stock in a transaction on Monday, April 28th. The shares were acquired at an average price of $17.68 per share, with a total value of $200,438.16. Following the purchase, the chief executive officer now directly owns 201,863 shares in the company, valued at $3,568,937.84. The trade was a 5.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Thomas bought 4,200 shares of the stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the transaction, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. The trade was a 0.52 % increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Trading Up 0.6 %

DOC stock opened at $17.50 on Friday. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 50.00, a PEG ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $17.21 and a 1-year high of $23.26. The business has a 50 day simple moving average of $19.08 and a two-hundred day simple moving average of $20.24.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were given a $0.1017 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a dividend yield of 6.5%. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DOC shares. Wedbush dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Argus reissued a “buy” rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Scotiabank reduced their price objective on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Friday, February 28th. Finally, Evercore ISI lowered their target price on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target of $23.42.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.