Ameriprise Financial Inc. Purchases 902,171 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Ameriprise Financial Inc. boosted its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,671,491 shares of the real estate investment trust's stock after purchasing an additional 902,171 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.95% of Healthpeak Properties worth $134,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Algert Global LLC bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $4,289,000. Alyeska Investment Group L.P. boosted its holdings in Healthpeak Properties by 160.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,591,773 shares of the real estate investment trust's stock worth $52,535,000 after acquiring an additional 1,596,740 shares in the last quarter. Aristotle Capital Boston LLC bought a new stake in Healthpeak Properties in the fourth quarter worth $3,075,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Healthpeak Properties by 29.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,379 shares of the real estate investment trust's stock valued at $778,000 after acquiring an additional 8,726 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Healthpeak Properties in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOC. Evercore ISI cut their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. Finally, Robert W. Baird dropped their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One 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. According to MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average price target of $23.42.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 11,337 shares of the company's stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at $3,568,937.84. This trade represents a 5.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Thomas acquired 4,200 shares of Healthpeak Properties stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. The trade was a 0.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Price Performance

Shares of NYSE:DOC opened at $17.26 on Thursday. 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, Inc. has a twelve month low of $17.19 and a twelve month high of $23.26. The stock has a market capitalization of $11.99 billion, a PE ratio of 49.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The firm's 50 day moving average price is $19.20 and its 200-day moving average price is $20.33.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The company had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a $0.1017 dividend. This represents a yield of 6.5%. The ex-dividend date of this dividend was Thursday, April 17th. 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.

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