Jupiter Asset Management Ltd. Takes $22.28 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Jupiter Asset Management Ltd. acquired over 1.1 million shares of Healthpeak Properties, Inc., investing approximately $22.3 million and representing 0.16% ownership of the company.
• CEO Scott M. Brinker and Director Tommy G. Thompson have recently increased their personal stakes in Healthpeak Properties, indicating insider confidence in the company.
• The company's recent earnings report showed a net margin of 5.90% and revenue of $694.35 million, slightly below analyst expectations, with a consensus target price of $23.00.

Jupiter Asset Management Ltd. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,102,098 shares of the real estate investment trust's stock, valued at approximately $22,284,000. Jupiter Asset Management Ltd. owned approximately 0.16% of Healthpeak Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TCTC Holdings LLC raised its position in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 751 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in Healthpeak Properties during the fourth quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties during the first quarter valued at approximately $30,000. S.A. Mason LLC raised its position in Healthpeak Properties by 160.9% during the first 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 in the last quarter. Finally, Covestor Ltd raised 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 purchasing an additional 1,152 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DOC shares. Evercore ISI lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Argus reiterated a "buy" rating and set a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Finally, Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

Healthpeak Properties Stock Up 0.1%

DOC traded up $0.02 during midday trading on Thursday, reaching $16.87. 610,750 shares of the company were exchanged, compared to its average volume of 5,993,021. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The company's fifty day moving average price is $17.67 and its 200 day moving average price is $18.67. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 70.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The firm had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. As a group, analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's payout ratio is currently 508.33%.

Insider Buying and Selling

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott M. Brinker bought 1,490 shares of Healthpeak Properties stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, with a total value of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 23,010 shares of company stock valued at $396,673 over the last three months. Corporate insiders own 0.23% of the company's stock.

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.