Baird Financial Group Inc. Increases Position in Healthpeak Properties, Inc. (NYSE:DOC)

Baird Financial Group Inc. increased its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 350.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,124 shares of the real estate investment trust's stock after purchasing an additional 97,341 shares during the quarter. Baird Financial Group Inc.'s holdings in Healthpeak Properties were worth $2,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOC. Mizuho Bank Ltd. bought a new position in Healthpeak Properties during the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd purchased a new position in Healthpeak Properties during the fourth quarter worth $30,000. Covestor Ltd boosted its holdings in Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,152 shares during the period. AdvisorNet Financial Inc increased its holdings in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties during the fourth quarter valued at $45,000. Institutional investors own 93.57% of the company's stock.

Insider Activity

In other Healthpeak Properties news, CEO Scott M. Brinker bought 11,337 shares of Healthpeak Properties stock in a transaction dated 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 purchase, the chief executive officer now directly owns 201,863 shares in the company, valued at $3,568,937.84. This represents a 5.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Thomas acquired 4,200 shares of the firm's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the acquisition, the director now owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 23,987 shares of company stock valued at $422,141 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock traded up $0.33 on Thursday, reaching $17.30. 8,330,206 shares of the stock were exchanged, compared to its average volume of 4,992,439. The business has a 50 day moving average price of $18.97 and a two-hundred day moving average price of $20.17. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a twelve month low of $16.90 and a twelve month high of $23.26. 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 - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The business had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. During the same period in the prior year, the firm earned $0.45 EPS. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were paid a dividend of $0.1017 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a dividend yield of 6.5%. Healthpeak Properties's payout ratio is currently 305.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DOC. Argus reiterated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Scotiabank cut their price target on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday. Evercore ISI dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Wedbush cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.25.

Healthpeak Properties 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.