Healthpeak Properties, Inc. $DOC Shares Bought by Brookstone Capital Management

Key Points

• Brookstone Capital Management has increased its stake in Healthpeak Properties by 4.9%, now owning approximately 566,362 shares valued at nearly $9.9 million.
• The recent quarterly earnings report showed earnings per share of $0.46, meeting analyst expectations, but slightly below last year's revenue of $694.35 million.
• Healthpeak Properties has declared a monthly dividend of $0.1017 per share, with a dividend yield of 6.6%, scheduled for payment on December 30th.

Brookstone Capital Management raised its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,362 shares of the real estate investment trust's stock after acquiring an additional 26,649 shares during the quarter. Brookstone Capital Management owned approximately 0.08% of Healthpeak Properties worth $9,917,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in Healthpeak Properties by 20.7% in the 1st quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock valued at $467,311,000 after acquiring an additional 3,967,830 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Healthpeak Properties by 6.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 18,397,841 shares of the real estate investment trust's stock valued at $372,004,000 after acquiring an additional 1,129,924 shares in the last quarter. Centersquare Investment Management LLC grew its position in Healthpeak Properties by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock valued at $268,642,000 after acquiring an additional 2,070,416 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Healthpeak Properties by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,392,052 shares of the real estate investment trust's stock valued at $210,126,000 after acquiring an additional 76,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Healthpeak Properties by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,238,001 shares of the real estate investment trust's stock worth $207,012,000 after buying an additional 84,551 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the business's stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the purchase, the chief executive officer directly owned 211,906 shares of the company's stock, valued at $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 8,783 shares of company stock worth $150,129 in the last three months. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties Price Performance

DOC stock opened at $18.60 on Thursday. The company has a market capitalization of $12.92 billion, a P/E ratio of 77.48, a PEG ratio of 3.17 and a beta of 1.09. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26. The business has a 50 day simple moving average of $18.26 and a 200-day simple moving average of $17.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%.The business had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company's revenue was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 19th will be paid a dividend of $0.1017 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 19th. Healthpeak Properties's dividend payout ratio is 508.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Healthpeak Properties in a research report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on Healthpeak Properties in a research report on Wednesday, October 1st. They set a "neutral" rating and a $20.00 price objective for the company. Wells Fargo & Company lowered their price objective on Healthpeak Properties from $20.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Morgan Stanley lowered their price objective on Healthpeak Properties from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Evercore ISI set a $22.00 price objective on Healthpeak Properties in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.33.

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.

Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.