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

Oak Thistle LLC acquired a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 68,906 shares of the real estate investment trust's stock, valued at approximately $1,393,000.

A number of other hedge funds have also recently made changes to their positions in DOC. Intech Investment Management LLC purchased a new stake in Healthpeak Properties in the fourth quarter valued at about $263,000. Teacher Retirement System of Texas purchased a new stake in Healthpeak Properties in the fourth quarter valued at about $1,999,000. Mizuho Securities USA LLC raised its stake in Healthpeak Properties by 45.3% in the fourth quarter. Mizuho Securities USA LLC now owns 66,291 shares of the real estate investment trust's stock valued at $1,344,000 after buying an additional 20,654 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Healthpeak Properties in the fourth quarter valued at about $4,362,000. Finally, LPL Financial LLC increased its holdings in shares of Healthpeak Properties by 16.9% in the fourth quarter. LPL Financial LLC now owns 3,628,407 shares of the real estate investment trust's stock valued at $73,548,000 after purchasing an additional 525,844 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 6.5%

NYSE:DOC traded down $1.24 on Friday, reaching $17.64. The company's stock had a trading volume of 16,243,151 shares, compared to its average volume of 5,871,287. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. The stock has a 50 day moving average price of $17.69 and a 200 day moving average price of $18.84.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its 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 company 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 1.83% 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 quarter in the previous year, the business earned $0.45 earnings per share. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors 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 annualized dividend and a dividend yield of 6.92%. Healthpeak Properties's dividend payout ratio is presently 508.33%.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 2,750 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the acquisition, the chief executive officer directly owned 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the acquisition, the director owned 144,290 shares in the company, valued at $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. In the last 90 days, insiders have bought 29,764 shares of company stock worth $521,909. 0.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research reports. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Wedbush cut their price objective on Healthpeak Properties from $24.00 to $22.00 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. Argus reissued a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Evercore ISI dropped their target price on Healthpeak Properties from $23.00 to $21.00 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, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.27.

Healthpeak Properties Company 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.