MUFG Securities EMEA plc Acquires New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• MUFG Securities EMEA plc has invested approximately $17.79 million in Healthpeak Properties, Inc., acquiring 880,000 shares during the first quarter, making it the company's 20th largest position.
• Healthpeak Properties reported a quarterly earnings of $0.46 per share, matching analyst expectations, but with a slight revenue decline compared to the previous year.
• The company will pay a monthly dividend of $0.1017 on September 30, representing an annualized yield of 7.2%, despite a high dividend payout ratio of 508.33%.

MUFG Securities EMEA plc acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 880,000 shares of the real estate investment trust's stock, valued at approximately $17,794,000. Healthpeak Properties accounts for 0.4% of MUFG Securities EMEA plc's investment portfolio, making the stock its 20th largest holding. MUFG Securities EMEA plc owned approximately 0.13% of Healthpeak Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after acquiring an additional 1,651,235 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Healthpeak Properties by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock worth $268,642,000 after acquiring an additional 2,070,416 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Healthpeak Properties by 32.6% in the 4th 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Healthpeak Properties by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock worth $207,012,000 after acquiring an additional 84,551 shares during the last quarter. Finally, Deutsche Bank AG grew its position in Healthpeak Properties by 0.3% in the 1st quarter. Deutsche Bank AG now owns 8,482,898 shares of the real estate investment trust's stock worth $171,524,000 after purchasing an additional 23,136 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

Shares of DOC traded down $0.18 during mid-day trading on Monday, hitting $16.79. 5,984,050 shares of the company traded hands, compared to its average volume of 7,975,883. 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 stock has a 50-day moving average price of $17.64 and a two-hundred day moving average price of $18.56. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 69.94, a P/E/G ratio of 2.17 and a beta of 1.05.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 7.3%. Healthpeak Properties's dividend payout ratio is currently 508.33%.

Wall Street Analyst Weigh In

DOC has been the subject of a number of recent analyst reports. Argus reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their target price 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. Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Wedbush cut their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the business's stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This trade represents a 0.71% 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 purchased 5,777 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 14,560 shares of company stock worth $249,898. 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.