Deutsche Bank AG Has $171.52 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Deutsche Bank AG increased its stake in Healthpeak Properties, owning approximately 1.22% of the company with holdings valued at $171.52 million as of the latest reporting period.
• Healthpeak Properties declared a monthly dividend of $0.1017 per share, with a strong annualized yield of 7.2%, scheduled for payment on September 30th.
• Analysts have varied opinions on Healthpeak Properties; while Robert W. Baird set a price target of $21.00 with an "outperform" rating, some analysts have downgraded the stock to a "sell" rating.

Deutsche Bank AG raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,482,898 shares of the real estate investment trust's stock after purchasing an additional 23,136 shares during the quarter. Deutsche Bank AG owned approximately 1.22% of Healthpeak Properties worth $171,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOC. TCTC Holdings LLC lifted its holdings in Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Healthpeak Properties during the 1st quarter worth $30,000. S.A. Mason LLC lifted its holdings 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 buying an additional 925 shares in the last quarter. Covestor Ltd boosted its position in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 1,152 shares during the period. Finally, Beacon Capital Management LLC boosted its position in shares of Healthpeak Properties by 138.3% in 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 acquiring an additional 1,054 shares during the period. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Tommy G. Thompson acquired 5,777 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director directly owned 144,290 shares in the company, valued at $2,491,888.30. This represents a 4.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott M. Brinker bought 2,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost 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 of the company's stock, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 14,560 shares of company stock worth $249,898 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $16.96 on Friday. 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 stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 70.67, a PEG ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. The stock has a fifty day moving average of $17.65 and a 200-day moving average of $18.62.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The company 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%. Healthpeak Properties's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, sell-side 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 declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a $0.1017 dividend. The ex-dividend date is Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Healthpeak Properties's payout ratio is 508.33%.

Wall Street Analysts Forecast Growth

DOC has been the subject of a number of recent analyst reports. Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company reduced 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 research note on Monday, June 2nd. Wedbush dropped 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 report on Monday, April 28th. Argus reiterated a "buy" rating and set a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. One equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.

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