Cetera Investment Advisers Acquires 102,724 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Cetera Investment Advisers increased its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 98.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 207,298 shares of the real estate investment trust's stock after purchasing an additional 102,724 shares during the period. Cetera Investment Advisers' holdings in Healthpeak Properties were worth $4,202,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties in the fourth quarter worth $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties in the fourth quarter worth $30,000. Covestor Ltd increased its position in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,152 shares during the period. AdvisorNet Financial Inc increased its position 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 worth $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Healthpeak Properties in the fourth quarter worth $45,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Up 2.3%

Shares of DOC stock traded up $0.41 during mid-day trading on Friday, reaching $17.72. 7,605,131 shares of the stock traded hands, compared to its average volume of 5,005,727. The stock's fifty day simple moving average is $18.78 and its two-hundred day simple moving average is $20.06. Healthpeak Properties, Inc. has a 1-year low of $16.90 and a 1-year high of $23.26. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. 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 announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS 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 firm had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 7.05%. The ex-dividend date of this dividend is Monday, May 19th. Healthpeak Properties's payout ratio is 305.00%.

Analyst Ratings Changes

A number of brokerages recently commented on DOC. Evercore ISI decreased their price target 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. StockNews.com cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Robert W. Baird reduced their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wedbush reduced their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Scotiabank reduced their price objective on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.45.

Insider Activity

In related news, Director John T. Thomas acquired 4,200 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the purchase, the director now directly owns 813,566 shares in the company, valued at $14,514,017.44. The trade was 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 link. Also, CEO Scott M. Brinker acquired 2,750 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the purchase, the chief executive officer now owns 204,613 shares of the company's stock, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 23,987 shares of company stock valued at $422,141. 0.23% of the stock is currently owned by corporate insiders.

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.