Deutsche Bank AG lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,459,762 shares of the real estate investment trust's stock after selling 339,664 shares during the quarter. Deutsche Bank AG owned about 1.21% of Healthpeak Properties worth $171,479,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Crestline Management LP bought a new position in shares of Healthpeak Properties during the 4th quarter valued at about $4,198,000. Cubist Systematic Strategies LLC boosted its position in shares of Healthpeak Properties by 23.4% in the 4th quarter. Cubist Systematic Strategies LLC now owns 342,268 shares of the real estate investment trust's stock valued at $6,938,000 after purchasing an additional 64,862 shares during the period. Cetera Investment Advisers raised its holdings in Healthpeak Properties by 98.2% during the 4th quarter. Cetera Investment Advisers now owns 207,298 shares of the real estate investment trust's stock worth $4,202,000 after buying an additional 102,724 shares during the period. Brevan Howard Capital Management LP lifted its stake in Healthpeak Properties by 66.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 19,031 shares of the real estate investment trust's stock valued at $386,000 after buying an additional 7,616 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Healthpeak Properties by 350.4% during the fourth quarter. Baird Financial Group Inc. now owns 125,124 shares of the real estate investment trust's stock valued at $2,536,000 after buying an additional 97,341 shares in the last quarter. Institutional investors own 93.57% of the company's stock.
Wall Street Analysts Forecast Growth
DOC has been the topic of several recent analyst reports. Robert W. Baird cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Argus restated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Morgan Stanley raised shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research report on Wednesday, January 15th. Evercore ISI lowered 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. Finally, StockNews.com downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and a consensus price target of $23.25.
Check Out Our Latest Stock Analysis on Healthpeak Properties
Healthpeak Properties Stock Down 1.7%
Healthpeak Properties stock traded down $0.30 during mid-day trading on Tuesday, hitting $17.25. 6,249,495 shares of the company's stock were exchanged, compared to its average volume of 4,966,542. Healthpeak Properties, Inc. has a 1-year low of $17.15 and a 1-year high of $23.26. The stock has a 50 day moving average of $19.02 and a two-hundred day moving average of $20.19. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $11.98 billion, a P/E ratio of 49.29, a P/E/G ratio of 2.17 and a beta of 1.05.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, 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 was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, April 17th. Healthpeak Properties's dividend payout ratio is 305.00%.
Insider Activity
In related news, CEO Scott M. Brinker bought 2,750 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the purchase, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tommy G. Thompson purchased 5,700 shares of Healthpeak Properties stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $17.36 per share, with a total value of $98,952.00. Following the completion of the acquisition, the director now owns 138,513 shares in the company, valued at approximately $2,404,585.68. This trade represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 23,987 shares of company stock valued at $422,141 over the last 90 days. 0.23% of the stock is currently owned by company insiders.
Healthpeak Properties Company Profile
(
Free Report)
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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