Redwood Investment Management LLC Has $1.86 Million Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Redwood Investment Management LLC boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,675 shares of the real estate investment trust’s stock after purchasing an additional 3,742 shares during the quarter. Redwood Investment Management LLC’s holdings in Healthpeak Properties were worth $1,858,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Healthpeak Properties by 23.2% in 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 buying an additional 4,056,931 shares during the period. Vert Asset Management LLC lifted its position 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 acquiring an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Healthpeak Properties by 25.7% during the 4th 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 period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Healthpeak Properties by 16.6% during 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 purchasing an additional 15,753 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Healthpeak Properties in the third quarter worth $3,224,000. Institutional investors own 93.57% of the company’s stock.

Insider Activity

In other news, Director John T. Thomas bought 4,200 shares of the stock in a transaction dated Monday, April 28th. The shares were bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott M. Brinker purchased 11,337 shares of Healthpeak Properties 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 transaction, the chief executive officer now owns 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 23,987 shares of company stock worth $422,141 in the last quarter. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DOC has been the subject of several recent analyst reports. Wedbush 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 Monday, April 28th. Scotiabank reduced their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Monday. StockNews.com cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Evercore ISI cut their target price 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. Finally, Robert W. Baird lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.25.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $17.30 on Friday. The company’s fifty day moving average is $18.83 and its 200 day moving average is $20.11. Healthpeak Properties, Inc. has a twelve month low of $16.90 and a twelve month high of $23.26. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of 49.43, a P/E/G 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.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. During the same period in the prior year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side 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 will be paid on Friday, May 30th. Stockholders 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 of this dividend is Monday, May 19th. Healthpeak Properties’s dividend payout ratio (DPR) is 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.