Neo Ivy Capital Management Makes New $1.32 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Neo Ivy Capital Management purchased 65,058 shares of Healthpeak Properties, Inc. for approximately $1.32 million, indicating growing institutional interest in the real estate investment trust.
• Healthpeak Properties declared a monthly dividend of $0.1017 per share, with a 6.45% yield, though the company has a high dividend payout ratio of 305.00%.
• The company's recent earnings report showed a net revenue of $694.35 million, slightly below analyst estimates, while it continued to maintain a PE ratio of 47.32.

Neo Ivy Capital Management purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 65,058 shares of the real estate investment trust's stock, valued at approximately $1,315,000.

A number of other hedge funds have also bought and sold shares of the company. Mizuho Bank Ltd. bought a new position in Healthpeak Properties in the fourth quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Healthpeak Properties during the first quarter valued at approximately $30,000. S.A. Mason LLC grew its position in Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after buying an additional 925 shares during the last quarter. Covestor Ltd grew its position in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,152 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its stake in shares of Healthpeak Properties by 138.3% during the 1st quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,054 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

NYSE DOC traded up $0.03 on Tuesday, reaching $17.29. The company's stock had a trading volume of 4,660,323 shares, compared to its average volume of 5,828,407. The firm has a market cap of $12.01 billion, a PE ratio of 71.98, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $17.68 and a 200 day moving average price of $18.81.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The firm had revenue of $694.35 million for 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 company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.1017 dividend. The ex-dividend date is Friday, September 19th. This represents a $1.22 dividend on an annualized basis and a yield of 7.06%. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOC. Wells Fargo & Company decreased their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $21.00 to $19.00 in a research note on Tuesday. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Evercore ISI cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Argus restated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.09.

Insider Transactions at Healthpeak Properties

In other news, Director Tommy G. Thompson purchased 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott M. Brinker purchased 2,750 shares of Healthpeak Properties stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the transaction, the chief executive officer owned 204,613 shares of the company's stock, valued at approximately $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 14,227 shares of company stock worth $246,543. Company 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.