DAVENPORT & Co LLC raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 549,541 shares of the real estate investment trust's stock after purchasing an additional 53,498 shares during the quarter. DAVENPORT & Co LLC owned 0.08% of Healthpeak Properties worth $11,112,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Healthpeak Properties by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 239,118 shares of the real estate investment trust's stock valued at $4,835,000 after purchasing an additional 5,351 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Healthpeak Properties by 7.9% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 364,478 shares of the real estate investment trust's stock worth $7,370,000 after acquiring an additional 26,595 shares in the last quarter. Amalgamated Bank boosted its position in Healthpeak Properties by 2.2% during the first quarter. Amalgamated Bank now owns 136,884 shares of the real estate investment trust's stock worth $2,768,000 after purchasing an additional 3,001 shares in the last quarter. Naviter Wealth LLC boosted its position in Healthpeak Properties by 4.0% during the first quarter. Naviter Wealth LLC now owns 39,601 shares of the real estate investment trust's stock worth $800,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Healthpeak Properties by 13.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,507 shares of the real estate investment trust's stock valued at $2,534,000 after purchasing an additional 15,009 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the acquisition, the director owned 813,566 shares in the company, valued at $14,514,017.44. This trade represents a 0.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott M. Brinker acquired 2,750 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $17.39 per share, with a total value of $47,822.50. Following the completion of the transaction, the chief executive officer directly owned 204,613 shares in the company, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 29,764 shares of company stock valued at $521,909. 0.23% of the stock is currently owned by company insiders.
Healthpeak Properties Price Performance
Shares of Healthpeak Properties stock traded down $0.07 on Friday, hitting $18.25. 5,546,828 shares of the company were exchanged, compared to its average volume of 5,331,883. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. The company has a 50-day moving average price of $17.42 and a 200 day moving average price of $19.02. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same period in the previous year, the firm posted $0.45 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.1017 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio is currently 305.00%.
Analyst Ratings Changes
A number of analysts have recently commented on DOC shares. Wedbush cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Wells Fargo & Company reduced their target price on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Scotiabank reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Finally, Robert W. Baird reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.
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About Healthpeak Properties
(
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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