Brevan Howard Capital Management LP Boosts Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Brevan Howard Capital Management LP raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,031 shares of the real estate investment trust’s stock after buying an additional 7,616 shares during the period. Brevan Howard Capital Management LP’s holdings in Healthpeak Properties were worth $386,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Vert Asset Management LLC lifted its stake in shares of Healthpeak Properties by 11.1% during the 4th quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust’s stock valued at $6,167,000 after buying an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Healthpeak Properties by 25.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust’s stock worth $2,213,000 after buying an additional 22,300 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Healthpeak Properties by 16.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 15,753 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Healthpeak Properties during the third quarter valued at about $18,736,000. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Up 0.6 %

DOC opened at $17.50 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $19.08 and its 200-day moving average price is $20.24. Healthpeak Properties, Inc. has a one year low of $17.21 and a one year high of $23.26. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 50.00, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the prior year, the company posted $0.45 EPS. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a $0.1017 dividend. The ex-dividend date was Thursday, April 17th. This represents a yield of 6.5%. Healthpeak Properties’s dividend payout ratio (DPR) is 305.00%.

Insiders Place Their Bets

In other news, Director John T. Thomas bought 4,200 shares of the stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the acquisition, the director now owns 813,566 shares of the company’s stock, valued at $14,514,017.44. This represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now directly owns 201,863 shares of the company’s stock, valued at $3,568,937.84. This represents a 5.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DOC shares. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Argus reiterated a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Robert W. Baird dropped 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 report on Tuesday, April 29th. Wedbush reduced their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Scotiabank dropped their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average price target of $23.42.

Healthpeak Properties Company 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.