86,821 Shares in Healthpeak Properties, Inc. (NYSE:DOC) Acquired by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd acquired 86,821 shares of Healthpeak Properties, valued at approximately $1,756,000, during the first quarter of this year.
• Institutional investors own 93.57% of Healthpeak Properties' stock, indicating strong institutional interest in the real estate investment trust.
• The company declared a monthly dividend of $0.1017 per share, resulting in an annualized dividend yield of 7.2% for its investors.

S Bank Fund Management Ltd purchased a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 86,821 shares of the real estate investment trust's stock, valued at approximately $1,756,000.

Several other institutional investors have also modified their holdings of the company. TCTC Holdings LLC raised its holdings 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 worth $27,000 after purchasing an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties in the first quarter valued at $30,000. S.A. Mason LLC increased its position in shares of 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 valued at $30,000 after buying an additional 925 shares in the last quarter. Dagco Inc. acquired a new position in shares of Healthpeak Properties during the 1st quarter worth $30,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of Healthpeak Properties in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of research reports. Evercore ISI lowered their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Argus reaffirmed 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 shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company cut their price objective 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 lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $23.00.

Insider Activity

In related news, CEO Scott M. Brinker acquired 2,930 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the acquisition, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director owned 144,290 shares in the company, valued at approximately $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. Over the last quarter, insiders have bought 14,560 shares of company stock worth $249,898. Insiders own 0.23% of the company's stock.

Healthpeak Properties Trading Up 1.6%

NYSE:DOC traded up $0.28 on Friday, reaching $17.32. The stock had a trading volume of 6,201,670 shares, compared to its average volume of 8,335,443. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 72.17, a P/E/G ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The firm's fifty day moving average is $17.64 and its two-hundred day moving average is $18.48. Healthpeak Properties, Inc. has a 12-month low of $16.63 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. The company 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 firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Equities analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.1017 per share. This represents a dividend yield of 705.0%. The ex-dividend date is Monday, August 18th. Healthpeak Properties's dividend payout ratio is presently 508.33%.

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.