Crossmark Global Holdings Inc. Buys New Shares in Healthpeak Properties, Inc. (NYSE:DOC)

Crossmark Global Holdings Inc. bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 26,582 shares of the real estate investment trust's stock, valued at approximately $537,000.

A number of other hedge funds also recently made changes to their positions in DOC. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties in the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties during the fourth quarter valued at about $30,000. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties during the 1st quarter worth about $30,000. S.A. Mason LLC grew its stake in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 925 shares during the period. Finally, Covestor Ltd increased its position in Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,152 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insider Transactions at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 2,750 shares of the business's stock in a transaction dated 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 acquisition, the chief executive officer owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tommy G. Thompson acquired 5,777 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares in the company, valued at $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,764 shares of company stock valued at $521,909. Insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Performance

Shares of DOC stock traded up $0.03 during trading hours on Wednesday, hitting $18.26. 4,948,593 shares of the company were exchanged, compared to its average volume of 5,717,672. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 45.65, a P/E/G ratio of 2.11 and a beta of 1.03. The firm has a fifty day simple moving average of $17.51 and a 200 day simple moving average of $18.93. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26.

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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The company had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Argus reiterated a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Robert W. Baird decreased their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.27.

About Healthpeak Properties

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.