BNP Paribas Financial Markets Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

BNP Paribas Financial Markets bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,459,278 shares of the real estate investment trust's stock, valued at approximately $29,580,000. BNP Paribas Financial Markets owned 0.21% of Healthpeak Properties as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Healthpeak Properties by 34.5% in the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 563 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after purchasing an additional 584 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 598 shares in the last quarter. Huntington National Bank raised its stake in shares of Healthpeak Properties by 3.0% in the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust's stock valued at $422,000 after purchasing an additional 613 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Healthpeak Properties by 4.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust's stock valued at $337,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DOC. Wedbush cut their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Robert W. Baird cut their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Evercore ISI dropped their price objective 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. Scotiabank dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday. Finally, Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.25.

Insider Activity

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

Healthpeak Properties Price Performance

Shares of NYSE:DOC traded up $0.06 during midday trading on Monday, reaching $17.53. The company's stock had a trading volume of 7,264,754 shares, compared to its average volume of 4,962,042. Healthpeak Properties, Inc. has a fifty-two week low of $17.21 and a fifty-two week high of $23.26. The company has a market capitalization of $12.18 billion, a P/E ratio of 50.09, 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. The business's fifty day simple moving average is $19.08 and its 200-day simple moving average is $20.22.

Healthpeak Properties (NYSE:DOC - Get Free Report) 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. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same period last year, the company posted $0.45 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were paid a $0.1017 dividend. The ex-dividend date was Thursday, April 17th. This represents a dividend yield of 6.5%. Healthpeak Properties's dividend payout ratio (DPR) is presently 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.