Arkadios Wealth Advisors Invests $932,000 in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Arkadios Wealth Advisors made a significant investment of $932,000 in Healthpeak Properties, acquiring 46,101 shares of the real estate investment trust's stock.
• Healthpeak Properties reported earnings of $0.46 per share for the latest quarter, meeting expectations, but experienced a slight 0.2% decline in year-over-year revenue.
• The company announced a monthly dividend of $0.1017 per share, with a substantial annualized yield of 7.3%, despite a high dividend payout ratio of 508.33%.

Arkadios Wealth Advisors bought a new stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 46,101 shares of the real estate investment trust's stock, valued at approximately $932,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DOC. Geode Capital Management LLC boosted its position in Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after buying an additional 638,012 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Healthpeak Properties by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after acquiring an additional 1,651,235 shares during the last quarter. Northern Trust Corp increased its holdings in Healthpeak Properties by 32.6% during the 4th quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock valued at $213,367,000 after purchasing an additional 2,590,530 shares in the last quarter. Nuveen Asset Management LLC raised its position in Healthpeak Properties by 5.4% in the 4th quarter. Nuveen Asset Management LLC now owns 7,400,886 shares of the real estate investment trust's stock valued at $150,016,000 after purchasing an additional 379,745 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Healthpeak Properties by 15.6% during the fourth quarter. Ameriprise Financial Inc. now owns 6,671,491 shares of the real estate investment trust's stock worth $134,028,000 after purchasing an additional 902,171 shares during the last quarter. Institutional investors own 93.57% of the company's stock.

Insider Transactions at Healthpeak Properties

In related news, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott M. Brinker bought 2,930 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This represents a 1.41% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 23,010 shares of company stock valued at $396,673. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Evercore ISI lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. Argus reaffirmed a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company cut their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $23.00.

Healthpeak Properties Trading Up 1.7%

NYSE:DOC traded up $0.29 on Tuesday, reaching $17.19. The company's stock had a trading volume of 6,474,375 shares, compared to its average volume of 7,775,259. The firm has a market cap of $11.94 billion, a PE ratio of 71.61, a PEG ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50-day moving average price is $17.68 and its two-hundred day moving average price is $18.68. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The firm had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is 508.33%.

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.