Oak Thistle LLC Invests $1.39 Million in Healthpeak Properties, Inc. (NYSE:DOC)

Oak Thistle LLC acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 68,906 shares of the real estate investment trust’s stock, valued at approximately $1,393,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new position in Healthpeak Properties in the 4th quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new stake in Healthpeak Properties during the 1st quarter valued at $30,000. S.A. Mason LLC increased its position in Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares during the period. Covestor Ltd lifted its position in 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 buying an additional 1,152 shares during the period. Finally, Beacon Capital Management LLC grew its stake in shares of Healthpeak Properties by 138.3% in the first quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,054 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John T. Thomas acquired 4,200 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director owned 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tommy G. Thompson bought 5,777 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the purchase, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 29,764 shares of company stock valued at $521,909 over the last quarter. Insiders own 0.23% of the company’s stock.

Healthpeak Properties Price Performance

DOC stock opened at $19.05 on Thursday. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26. The firm has a market cap of $13.23 billion, a P/E ratio of 47.61, a PEG ratio of 2.16 and a beta of 1.03. The stock’s 50 day moving average price is $17.66 and its 200 day moving average price is $18.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The business had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. During the same quarter last year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.22 dividend on an annualized basis and a yield of 6.41%. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DOC. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wedbush cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Robert W. Baird lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.27.

Healthpeak Properties 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.