Charles Schwab Investment Management Inc. Buys 84,551 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Healthpeak Properties by 0.8% in Q1, owning over 10 million shares valued at $207 million.
• Insider trading activity includes Director Tommy G. Thompson purchasing 5,777 shares and CEO Scott M. Brinker acquiring 2,930 shares, indicating confidence in the company.
• Healthpeak Properties declared a monthly dividend of $0.1017, resulting in an annualized yield of 7.2%, with a high payout ratio of 508.33%.

Charles Schwab Investment Management Inc. increased its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,238,001 shares of the real estate investment trust's stock after purchasing an additional 84,551 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.47% of Healthpeak Properties worth $207,012,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. TCTC Holdings LLC increased its holdings in shares of Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after buying an additional 751 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Healthpeak Properties during the first quarter valued at approximately $30,000. S.A. Mason LLC grew its stake 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 valued at $30,000 after purchasing an additional 925 shares during the last quarter. Covestor Ltd grew its stake 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 valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Beacon Capital Management LLC grew its stake 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 valued at $37,000 after purchasing an additional 1,054 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Argus reissued a "buy" rating and set a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Finally, Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.00.

Healthpeak Properties Stock Up 1.4%

DOC stock traded up $0.23 during midday trading on Tuesday, hitting $17.00. The company's stock had a trading volume of 8,526,372 shares, compared to its average volume of 8,000,556. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The company's fifty day moving average price is $17.63 and its 200 day moving average price is $18.55. The stock has a market capitalization of $11.81 billion, a P/E ratio of 70.84, a PEG ratio of 2.14 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.1017 per share. The ex-dividend date is Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 7.2%. Healthpeak Properties's payout ratio is currently 508.33%.

Insider Activity

In other news, CEO Scott M. Brinker acquired 2,930 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the purchase, the chief executive officer directly owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of the stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the purchase, the director directly owned 144,290 shares in the company, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 14,560 shares of company stock worth $249,898 over the last 90 days. 0.23% of the stock is owned by company insiders.

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.