Woodline Partners LP Acquires New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Woodline Partners LP acquired a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,824 shares of the real estate investment trust's stock, valued at approximately $848,000.

Several other institutional investors and hedge funds have also made changes to their positions in DOC. Sophron Capital Management L.P. purchased a new position in Healthpeak Properties during the fourth quarter worth about $4,661,000. Squarepoint Ops LLC grew its stake in Healthpeak Properties by 110.2% during the 4th quarter. Squarepoint Ops LLC now owns 443,912 shares of the real estate investment trust's stock valued at $8,998,000 after purchasing an additional 232,740 shares in the last quarter. Twinbeech Capital LP acquired a new stake in Healthpeak Properties during the 4th quarter valued at approximately $3,800,000. Two Sigma Advisers LP acquired a new stake in Healthpeak Properties during the 4th quarter valued at approximately $5,691,000. Finally, State of Wyoming lifted its holdings in Healthpeak Properties by 113.6% during the 4th quarter. State of Wyoming now owns 9,153 shares of the real estate investment trust's stock worth $186,000 after buying an additional 4,867 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI cut their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Argus reissued 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 cut their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Wedbush cut their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One investment 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, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.45.

Healthpeak Properties Trading Down 0.6%

Healthpeak Properties stock traded down $0.11 during mid-day trading on Friday, hitting $17.41. 9,932,437 shares of the company's stock were exchanged, compared to its average volume of 5,129,080. The firm has a market capitalization of $12.10 billion, a P/E ratio of 49.74, a PEG ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week 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 0.96. The company's 50 day simple moving average is $18.16 and its 200-day simple moving average is $19.71.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm had revenue of $702.89 million during the quarter, compared to analysts' expectations of $690.76 million. During the same quarter in the prior year, the company earned $0.45 EPS. The company's revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were paid a $0.1017 dividend. This represents a yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties's dividend payout ratio (DPR) is 305.00%.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,700 shares of Healthpeak Properties stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $17.36 per share, with a total value of $98,952.00. Following the acquisition, the director now directly owns 138,513 shares of the company's stock, valued at $2,404,585.68. The trade was a 4.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott M. Brinker acquired 2,750 shares of Healthpeak Properties stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the purchase, the chief executive officer now owns 204,613 shares in the company, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 29,764 shares of company stock worth $521,909 in the last quarter. 0.23% of the stock is currently 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.