Cetera Investment Advisers Acquires 32,661 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Cetera Investment Advisers increased its stake in Healthpeak Properties by 15.8%, acquiring an additional 32,661 shares, bringing its total holdings to 239,959 shares valued at approximately $4.85 million.
• Healthpeak Properties announced a monthly dividend of $0.1017 per share, representing an annualized yield of 7.3%.
• Several analysts have recently adjusted their price targets for Healthpeak Properties, with current ratings ranging from "buy" to "sell," and an average price target of around $23.00.

Cetera Investment Advisers grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 15.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,959 shares of the real estate investment trust's stock after buying an additional 32,661 shares during the period. Cetera Investment Advisers' holdings in Healthpeak Properties were worth $4,852,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties during the 4th quarter worth approximately $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC raised its position in shares of Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares during the period. Covestor Ltd raised its position in shares of Healthpeak Properties by 173.8% during 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. Finally, Beacon Capital Management LLC raised its position in shares of Healthpeak Properties by 138.3% during the first quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,054 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Down 1.1%

NYSE DOC opened at $16.75 on Friday. The firm has a market capitalization of $11.64 billion, a P/E ratio of 69.79, a PEG ratio of 2.14 and a beta of 1.05. The business has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $18.74. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06.

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

Healthpeak Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is 508.33%.

Analysts Set New Price Targets

DOC has been the topic of a number of research reports. Wedbush lowered their target price 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. Argus reaffirmed a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Scotiabank lowered Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Finally, Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $23.00.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The stock was purchased 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 of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Scott M. Brinker acquired 2,930 shares of Healthpeak Properties stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, with a total value of $49,985.80. Following the purchase, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 20,030 shares of company stock valued at $346,519 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.