Sfmg LLC Has $2.57 Million Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Sfmg LLC has increased its stake in Healthpeak Properties, acquiring an additional 23,694 shares, raising its total holdings to 126,873 shares, valued at approximately $2.57 million.
• Healthpeak Properties reported quarterly earnings of $0.46 per share, equaling analysts' expectations, with revenues of $694.35 million, slightly below forecasts.
• The company recently announced a monthly dividend of $0.1017 per share, equating to an annual yield of 7.3%.

Sfmg LLC raised its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 23.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,873 shares of the real estate investment trust's stock after acquiring an additional 23,694 shares during the period. Sfmg LLC's holdings in Healthpeak Properties were worth $2,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DOC. Parallel Advisors LLC boosted its stake in Healthpeak Properties by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 561 shares during the period. Applied Finance Capital Management LLC boosted its holdings in shares of Healthpeak Properties by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock worth $357,000 after buying an additional 577 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Healthpeak Properties by 5.9% during the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after buying an additional 584 shares during the period. AssuredPartners Investment Advisors LLC boosted its stake in shares of Healthpeak Properties by 3.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock valued at $447,000 after purchasing an additional 666 shares in the last quarter. Finally, TCTC Holdings LLC boosted its stake in shares of 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 valued at $27,000 after purchasing an additional 751 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 2,930 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the acquisition, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson purchased 5,777 shares of Healthpeak Properties stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the transaction, the director directly 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. Over the last quarter, insiders have purchased 14,560 shares of company stock valued at $249,898. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Stock Up 0.1%

Shares of NYSE DOC traded up $0.03 during mid-day trading on Friday, reaching $16.99. 4,986,483 shares of the company's stock were exchanged, compared to its average volume of 6,015,032. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 70.77, a PEG ratio of 2.15 and a beta of 1.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $17.66 and a 200 day simple moving average of $18.64. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. Healthpeak Properties's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, equities analysts expect 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 dividend of $0.1017 per share. The ex-dividend date is Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Healthpeak Properties's dividend payout ratio (DPR) is presently 508.33%.

Analyst Upgrades and Downgrades

DOC has been the subject of a number of research analyst reports. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Argus reiterated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Evercore ISI lowered their price objective 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. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.00.

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.