Y Intercept Hong Kong Ltd Acquires New Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in Healthpeak Properties, purchasing 43,125 shares valued at approximately $872,000 during the first quarter.
• Insider transactions show that directors Tommy G. Thompson and John T. Thomas have recently increased their ownership in Healthpeak Properties, purchasing shares worth a combined $174,696.
• Healthpeak Properties has announced a monthly dividend of $0.1017, leading to an annualized dividend yield of 6.92%, despite a high dividend payout ratio of 305%.

Y Intercept Hong Kong Ltd acquired a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,125 shares of the real estate investment trust's stock, valued at approximately $872,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC grew its holdings in Healthpeak Properties by 1.5% in the first quarter. GW&K Investment Management LLC now owns 1,730,356 shares of the real estate investment trust's stock worth $34,988,000 after purchasing an additional 25,193 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Healthpeak Properties by 226.4% in the first quarter. Lindbrook Capital LLC now owns 10,972 shares of the real estate investment trust's stock worth $222,000 after purchasing an additional 7,610 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Healthpeak Properties by 3.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 53,975 shares of the real estate investment trust's stock worth $1,091,000 after purchasing an additional 1,908 shares during the last quarter. Berkeley Capital Partners LLC grew its holdings in Healthpeak Properties by 58.4% in the first quarter. Berkeley Capital Partners LLC now owns 72,612 shares of the real estate investment trust's stock worth $1,468,000 after purchasing an additional 26,782 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Healthpeak Properties by 37.8% during the first quarter. Foundry Partners LLC now owns 934,894 shares of the real estate investment trust's stock valued at $18,904,000 after buying an additional 256,339 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, with a total value of $99,768.79. Following the transaction, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Thomas purchased 4,200 shares of the firm's stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, with a total value of $74,928.00. Following the transaction, the director directly owned 813,566 shares in the company, valued at $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 29,764 shares of company stock worth $521,909. 0.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on shares of 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. Scotiabank cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Evercore ISI cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Robert W. Baird cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $17.64 on Friday. The firm's 50 day moving average price is $17.69 and its 200-day moving average price is $18.85. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The firm has a market cap of $12.25 billion, a P/E ratio of 73.48, a P/E/G ratio of 2.15 and a beta of 1.03.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.83%. The firm had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. During the same period in the prior year, the business posted $0.45 EPS. The business's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.22 annualized dividend and a dividend yield of 6.92%. Healthpeak Properties's dividend payout ratio is currently 305.00%.

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.

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