Machina Capital S.A.S. Grows Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Machina Capital S.A.S. increased its stake in Healthpeak Properties by 62.8% during Q1, now owning 37,160 shares valued at approximately $751,000.
• Despite mixed ratings from analysts, the stock has a consensus rating of "Moderate Buy" with an average price target of $23.27.
• Healthpeak Properties announced a dividend of $0.1017 per share, representing a yield of 6.92% and a payout ratio of 305%.

Machina Capital S.A.S. boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 62.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,160 shares of the real estate investment trust's stock after buying an additional 14,336 shares during the period. Machina Capital S.A.S.'s holdings in Healthpeak Properties were worth $751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after purchasing an additional 638,012 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock valued at $350,021,000 after purchasing an additional 1,651,235 shares during the period. Centersquare Investment Management LLC raised its position in Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock valued at $227,339,000 after purchasing an additional 398,770 shares during the period. Northern Trust Corp raised its position in 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 valued at $213,367,000 after purchasing an additional 2,590,530 shares during the period. Finally, Norges Bank purchased a new stake in Healthpeak Properties in the fourth quarter valued at $166,804,000. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 2,750 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $17.39 per share, with a total value of $47,822.50. Following the completion of the acquisition, the chief executive officer directly owned 204,613 shares in the company, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the purchase, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,227 shares of company stock worth $246,543 over the last three months. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of research analyst reports. Robert W. Baird reduced 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 Tuesday, April 29th. Evercore ISI cut their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Scotiabank cut their price objective on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Finally, Argus reiterated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. One 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. According to data from MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and a consensus price target of $23.27.

Healthpeak Properties Stock Down 1.3%

Shares of NYSE:DOC traded down $0.23 on Monday, hitting $17.38. 2,616,621 shares of the company's stock were exchanged, compared to its average volume of 5,761,552. The firm's 50-day moving average is $17.69 and its 200 day moving average is $18.83. The company has a market capitalization of $12.07 billion, a PE ratio of 72.40, a P/E/G ratio of 2.02 and a beta of 1.03. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The firm had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. The ex-dividend date is Friday, September 19th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.02%. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

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.