Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 1,926.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 529,259 shares of the real estate investment trust's stock after purchasing an additional 503,145 shares during the period. GAMMA Investing LLC owned about 0.08% of Healthpeak Properties worth $107,020,000 as of its most recent filing with the SEC.

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

Insider Transactions at Healthpeak Properties

In related news, Director Tommy G. Thompson purchased 5,777 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was acquired 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 now directly owns 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This trade represents a 4.17% 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, CEO Scott M. Brinker acquired 11,337 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the transaction, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 29,764 shares of company stock valued at $521,909 in the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Healthpeak Properties Stock Performance

NYSE DOC traded down $0.04 on Thursday, hitting $17.06. 5,439,646 shares of the company traded hands, compared to its average volume of 5,144,265. The business's 50 day moving average price is $17.92 and its 200-day moving average price is $19.61. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 48.76, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

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, meeting analysts' consensus estimates of $0.46. The business 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 2.61% and a net margin of 9.00%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DOC. Wells Fargo & Company decreased their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday. Robert W. Baird decreased their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Argus reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, Scotiabank reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus 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.