Twinbeech Capital LP Makes New $3.80 Million Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Twinbeech Capital LP bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 187,486 shares of the real estate investment trust’s stock, valued at approximately $3,800,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DOC. Mizuho Bank Ltd. bought a new position in Healthpeak Properties during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties during the fourth quarter worth about $30,000. Covestor Ltd boosted its position in Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,152 shares during the period. Kestra Investment Management LLC bought a new position in Healthpeak Properties during the fourth quarter worth about $45,000. Finally, Kapitalo Investimentos Ltda bought a new position in Healthpeak Properties during the fourth quarter worth about $46,000. Institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DOC shares. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st. Robert W. Baird cut their price objective 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. Evercore ISI cut their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Scotiabank cut 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 research report on Monday, May 12th. Finally, Argus restated a “buy” rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average price target of $23.45.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the purchase, the director now owns 813,566 shares of the company’s stock, valued at $14,514,017.44. The trade was a 0.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tommy G. Thompson purchased 5,700 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the purchase, the director now directly owns 138,513 shares of the company’s stock, 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 have purchased 23,987 shares of company stock valued at $422,141 over the last three months. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Trading Down 1.3%

Shares of DOC opened at $17.49 on Wednesday. The firm’s 50 day simple moving average is $18.68 and its 200 day simple moving average is $19.99. The company has a market capitalization of $12.15 billion, a P/E ratio of 49.97, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1-year low of $16.90 and a 1-year 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 for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced 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 of this dividend is Monday, May 19th. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

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.