On Monday Healthpeak Properties (NYSE:HCP) started its trading session with the price $36.58 and closed at price of $35.78 by scoring -2.53%. Day range of the stock was $35.67 – $36.58. HCP stock traded with total volume of 4822246 shares while the average trading capacity remained 2858092 shares. Earnings per share was $1.71. HCP has total market capitalization of $17708737915.
On Nov. 4, 2019, Healthpeak Properties (NYSE:HCP) released that it has commenced a public offering of an aggregate of 15,000,000 shares of its common stock in connection with the forward sale agreement described below. The underwriters are expected to be granted a 30-day option to purchase up to an additional 2,250,000 shares of Healthpeak’s common stock.
BofA Securities and Morgan Stanley are acting as joint book-runners for this offering.
Healthpeak expects to enter into a forward sale agreement with an affiliate of BofA Securities (the forward purchaser). The forward purchaser (or its affiliate) is expected to borrow from third parties, and sell to the underwriters, the 15,000,000 shares of Healthpeak’s common stock (or an aggregate of 17,250,000 shares if the underwriters exercise their option to purchase additional shares in full) in the offering.
Healthpeak has agreed to issue and deliver, upon physical settlement of such forward sale agreement on one or more dates specified by Healthpeak within 12 months of entry into the forward sale agreement, up to 15,000,000 shares of Healthpeak’s common stock (or an aggregate of 17,250,000 shares if the underwriters exercise their option to purchase additional shares in full) to the forward purchaser. In exchange for the shares, Healthpeak will receive cash proceeds per share equal to the applicable forward sale price per share, subject to certain adjustments as provided in the forward sale agreement.
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