Citigroup Inc. Raises Holdings in Healthpeak Properties, Inc. $DOC

Citigroup Inc. grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 90.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,047,397 shares of the real estate investment trust's stock after purchasing an additional 497,441 shares during the period. Citigroup Inc. owned approximately 0.15% of Healthpeak Properties worth $21,178,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC grew its position in shares of Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 751 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties in the 1st quarter valued at about $30,000. S.A. Mason LLC lifted its holdings in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% in the 4th 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 last quarter. Finally, Beacon Capital Management LLC lifted its holdings in shares of Healthpeak Properties by 138.3% in the 1st 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 last quarter. Hedge funds and other institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Argus reaffirmed a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company lowered their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.

Healthpeak Properties Trading Up 0.6%

NYSE DOC traded up $0.11 during trading on Monday, hitting $17.32. The stock had a trading volume of 1,583,007 shares, compared to its average volume of 6,024,438. 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 $12.03 billion, a price-to-earnings ratio of 72.11, a P/E/G ratio of 2.21 and a beta of 1.05. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26. The stock has a 50 day simple moving average of $17.64 and a 200 day simple moving average of $18.46.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company's revenue was down .2% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 705.0%. The ex-dividend date of this dividend is Monday, August 18th. Healthpeak Properties's payout ratio is currently 508.33%.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the purchase, the chief executive officer owned 211,906 shares of the company's stock, valued at approximately $3,566,377.98. The trade was a 0.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the purchase, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 14,560 shares of company stock valued at $249,898 in the last ninety days. Insiders own 0.23% of the company's stock.

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.