Squarepoint Ops LLC Purchases 232,740 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Squarepoint Ops LLC raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 110.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,912 shares of the real estate investment trust’s stock after purchasing an additional 232,740 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of Healthpeak Properties worth $8,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in Healthpeak Properties by 23.2% in the 3rd 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 during the period. Geode Capital Management LLC boosted its holdings in Healthpeak Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock valued at $371,168,000 after purchasing an additional 638,012 shares during the period. Principal Financial Group Inc. boosted its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock valued at $350,021,000 after purchasing an additional 1,651,235 shares during the period. Finally, Centersquare Investment Management LLC boosted its holdings in Healthpeak Properties by 3.7% in the 4th quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after purchasing an additional 398,770 shares during the period. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Trading Up 0.2%

Shares of Healthpeak Properties stock opened at $16.86 on Friday. The stock has a market capitalization of $11.71 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. 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 has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $19.90. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced 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. The business had revenue of $702.89 million during the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. This represents a dividend yield of 7.05%. The ex-dividend date is Monday, May 19th. Healthpeak Properties’s dividend payout ratio (DPR) is currently 305.00%.

Analyst Ratings Changes

DOC has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Scotiabank reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, Wedbush reduced their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $23.45.

Insider Buying and Selling

In other news, Director John T. Thomas bought 4,200 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now directly owns 813,566 shares of the company’s stock, valued at $14,514,017.44. This trade represents a 0.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tommy G. Thompson acquired 5,700 shares of the stock in a transaction on Friday, May 9th. The stock was bought at an average price of $17.36 per share, with a total value of $98,952.00. Following the transaction, the director now directly owns 138,513 shares in the company, valued at approximately $2,404,585.68. This represents a 4.29% increase in their position. The disclosure for this purchase can be found here. Insiders bought 23,987 shares of company stock worth $422,141 in the last quarter. 0.23% of the stock is owned by corporate insiders.

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.