Stevens Capital Management LP Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Stevens Capital Management LP has made a new investment of approximately $477,000 in Healthpeak Properties, acquiring 23,578 shares of the real estate investment trust (REIT).
• Several hedge funds have increased their stakes in Healthpeak Properties, with Baillie Gifford & Co. raising holdings by 26.3% to own 48,045 shares valued at around $971,000.
• The company announced a monthly dividend of $0.1017 per share, reflecting an annualized dividend yield of 6.92%, though it has a high dividend payout ratio of 305.00%.

Stevens Capital Management LP bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,578 shares of the real estate investment trust's stock, valued at approximately $477,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Healthpeak Properties during the 4th quarter valued at $166,804,000. Resolution Capital Ltd acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth $122,795,000. Long Pond Capital LP acquired a new stake in shares of Healthpeak Properties in the fourth quarter worth $86,885,000. Northern Trust Corp boosted its position in shares of Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after buying an additional 2,590,530 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Healthpeak Properties by 56,120.9% in the fourth quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock worth $34,181,000 after buying an additional 1,683,066 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on DOC shares. Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $21.00 to $19.00 in a research note on Tuesday. Evercore ISI lowered their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Robert W. Baird decreased their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday. 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 company's stock. Based on data from MarketBeat.com, Healthpeak Properties has an average rating of "Moderate Buy" and a consensus target price of $23.00.

Healthpeak Properties Stock Performance

DOC traded up $0.27 during midday trading on Wednesday, reaching $17.64. The company had a trading volume of 4,432,498 shares, compared to its average volume of 5,873,857. The stock has a market cap of $12.25 billion, a PE ratio of 73.52, a P/E/G ratio of 1.97 and a beta of 1.03. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.35 and a current ratio of 1.28. The business has a 50-day moving average price of $17.68 and a two-hundred day moving average price of $18.80. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-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 for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a $0.1017 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's payout ratio is presently 508.33%.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott M. Brinker bought 2,873 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $17.40 per share, for a total transaction of $49,990.20. Following the transaction, the chief executive officer owned 207,486 shares in the company, valued at $3,610,256.40. This trade represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,100 shares of company stock worth $296,533. 0.23% of the stock is owned by corporate insiders.

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.