Ontario Teachers Pension Plan Board Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• The Ontario Teachers Pension Plan Board acquired 73,204 shares of Healthpeak Properties, Inc., valued at approximately $1.48 million, in the first quarter, indicating increased institutional interest in the company.
• Healthpeak Properties is set to distribute a monthly dividend of $0.1017 per share, translating to an annualized yield of 7.2%, highlighting the company's commitment to returning value to shareholders.
• The company’s stock has a consensus rating of "Moderate Buy" from analysts, with an average target price of $23.00, despite some recent downward revisions.

Ontario Teachers Pension Plan Board bought a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 73,204 shares of the real estate investment trust's stock, valued at approximately $1,480,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its holdings in Healthpeak Properties by 124.3% in the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after buying an additional 751 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties in the 1st quarter worth approximately $30,000. S.A. Mason LLC increased its holdings in Healthpeak Properties by 160.9% in the 1st 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 period. Covestor Ltd increased its holdings in Healthpeak Properties by 173.8% in the 4th 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 period. Finally, Beacon Capital Management LLC increased its holdings in Healthpeak Properties by 138.3% in the 1st quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,054 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

NYSE DOC traded up $0.03 during trading hours on Tuesday, reaching $16.80. The company's stock had a trading volume of 3,212,309 shares, compared to its average volume of 6,010,861. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 69.98, a P/E/G ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The company's 50-day moving average is $17.64 and its two-hundred day moving average is $18.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share 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%. Healthpeak Properties's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. On average, equities 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. Shareholders of record on Friday, September 19th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is 508.33%.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,930 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the purchase, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This trade represents a 1.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders acquired a total of 14,560 shares of company stock worth $249,898 over the last three months. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DOC shares. Argus reiterated a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Evercore ISI reduced their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Finally, Scotiabank cut Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

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.