Systematic Financial Management LP Has $29.85 Million Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Systematic Financial Management LP lifted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,472,448 shares of the real estate investment trust’s stock after buying an additional 52,061 shares during the period. Systematic Financial Management LP owned about 0.21% of Healthpeak Properties worth $29,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of 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. Vert Asset Management LLC increased its position in shares of Healthpeak Properties by 11.1% in the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust’s stock worth $6,167,000 after purchasing an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust’s stock valued at $2,213,000 after acquiring an additional 22,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust’s stock valued at $2,217,000 after acquiring an additional 15,753 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Healthpeak Properties during the third quarter valued at about $18,736,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker purchased 11,337 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $17.68 per share, with a total value of $200,438.16. Following the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. This trade represents a 5.95% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Thomas acquired 4,200 shares of the company’s stock in a transaction on Monday, April 28th. The stock was bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 23,987 shares of company stock valued at $422,141. 0.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on DOC shares. Wedbush dropped their price target 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. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Evercore ISI cut their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Argus reissued a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Scotiabank lowered their price target on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.45.

Healthpeak Properties Trading Up 2.3%

Healthpeak Properties stock opened at $17.72 on Friday. The stock has a 50-day moving average price of $18.78 and a 200 day moving average price of $20.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 52 week low of $16.90 and a 52 week high of $23.26. The stock has a market cap of $12.31 billion, a PE ratio of 50.62, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 20th will be paid a $0.1017 dividend. This represents a yield of 7.05%. The ex-dividend date is Monday, May 19th. Healthpeak Properties’s dividend payout ratio is 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.