Foster Victor Wealth Advisors LLC Increases Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Foster Victor Wealth Advisors LLC grew its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,488 shares of the real estate investment trust's stock after buying an additional 16,856 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Healthpeak Properties were worth $6,440,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DOC. Asset Management One Co. Ltd. lifted its position in Healthpeak Properties by 1.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,327,409 shares of the real estate investment trust's stock valued at $26,654,000 after acquiring an additional 18,528 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Healthpeak Properties by 8.4% during the fourth quarter. New York State Teachers Retirement System now owns 619,951 shares of the real estate investment trust's stock worth $12,566,000 after purchasing an additional 48,141 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Healthpeak Properties by 49.5% in the 4th quarter. Principal Securities Inc. now owns 3,592 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 1,189 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Healthpeak Properties by 40.8% in the 4th quarter. Allworth Financial LP now owns 4,603 shares of the real estate investment trust's stock valued at $95,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker purchased 11,337 shares of Healthpeak Properties stock in a transaction dated Monday, April 28th. The stock was bought at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the transaction, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. The trade was a 5.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Thomas purchased 4,200 shares of the firm's 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 purchase, the director now directly 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. Over the last quarter, insiders acquired 29,764 shares of company stock worth $521,909. 0.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DOC has been the topic of several research analyst reports. Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Argus reaffirmed a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Scotiabank reduced their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Healthpeak Properties Stock Performance

Healthpeak Properties stock traded up $0.02 during trading hours on Wednesday, reaching $17.03. 5,383,755 shares of the stock were exchanged, compared to its average volume of 5,192,676. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The stock has a market cap of $11.83 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.95 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. The firm's 50 day moving average is $17.68 and its 200 day moving average is $19.34.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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

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.