39,861 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 39,861 shares of the real estate investment trust’s stock, valued at approximately $808,000.

Several other hedge funds also recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new position in Healthpeak Properties during the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $30,000. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $45,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Healthpeak Properties in the 4th quarter valued at about $46,000. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank cut their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 12th. Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Robert W. Baird cut their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Argus reissued a “buy” rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $23.45.

Healthpeak Properties Trading Up 3.1%

NYSE DOC opened at $17.36 on Wednesday. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $12.06 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.17 and a beta of 1.05. The stock’s 50-day moving average is $18.33 and its 200-day moving average is $19.80.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.1017 per share. This represents a yield of 7.05%. The ex-dividend date is Monday, May 19th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 305.00%.

Insider Buying and Selling

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,700 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the purchase, the director now owns 138,513 shares of the company’s stock, valued at approximately $2,404,585.68. This represents a 4.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Thomas bought 4,200 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now owns 813,566 shares of the company’s stock, valued at $14,514,017.44. The trade was a 0.52% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 23,987 shares of company stock worth $422,141. 0.23% of the stock is owned by corporate insiders.

About Healthpeak Properties

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.