Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas grew its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,712 shares of the real estate investment trust's stock after acquiring an additional 65,000 shares during the period. Employees Retirement System of Texas owned 0.05% of Healthpeak Properties worth $7,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DOC. Mizuho Bank Ltd. purchased a new position in Healthpeak Properties during the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $30,000. Covestor Ltd lifted its stake in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,152 shares during the period. Kestra Investment Management LLC bought a new position in Healthpeak Properties during the 4th quarter worth about $45,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Healthpeak Properties during the 4th quarter valued at about $46,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Argus reiterated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird dropped 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 Tuesday, April 29th. Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Evercore ISI cut their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Healthpeak Properties has an average rating of "Moderate Buy" and an average target price of $23.45.

Insider Activity at Healthpeak Properties

In other news, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director now owns 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Thomas bought 4,200 shares of the stock in a transaction dated Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the purchase, the director now owns 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 29,764 shares of company stock worth $521,909 over the last three months. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Performance

Shares of NYSE DOC traded up $0.12 during midday trading on Thursday, reaching $17.53. The company had a trading volume of 6,771,698 shares, compared to its average volume of 5,124,419. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26. The business's 50-day simple moving average is $18.22 and its 200 day simple moving average is $19.75. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.18 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, April 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 $702.89 million during the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.1017 per share. This represents a yield of 7.05%. The ex-dividend date of this dividend is Monday, May 19th. Healthpeak Properties's payout ratio is 305.00%.

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.