Long Pond Capital LP Acquires New Position in Healthpeak Properties, Inc. (NYSE:DOC)

Long Pond Capital LP bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,286,388 shares of the real estate investment trust’s stock, valued at approximately $86,885,000. Healthpeak Properties comprises approximately 4.4% of Long Pond Capital LP’s investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors have also modified their holdings of DOC. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Healthpeak Properties in the 4th quarter worth $30,000. Covestor Ltd grew its position in shares of Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc increased its stake in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 0.9 %

Healthpeak Properties stock opened at $18.61 on Thursday. 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 has a market cap of $13.02 billion, a PE ratio of 53.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The stock has a 50-day moving average of $19.71 and a two-hundred day moving average of $20.75. Healthpeak Properties, Inc. has a one year low of $17.33 and a one year high of $23.26.

Healthpeak Properties Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s payout ratio is currently 348.57%.

Analyst Ratings Changes

Several brokerages have issued reports on DOC. Wedbush reiterated an “outperform” rating and set a $24.00 target price on shares of Healthpeak Properties in a report on Friday, April 11th. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Scotiabank lowered their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $23.83.

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.