Douglas Lane & Associates LLC Grows Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Douglas Lane & Associates LLC increased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,792,850 shares of the real estate investment trust's stock after buying an additional 218,395 shares during the period. Douglas Lane & Associates LLC owned about 0.40% of Healthpeak Properties worth $56,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DOC. Principal Financial Group Inc. raised its holdings in 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 acquiring an additional 17,314,572 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthpeak Properties in the fourth quarter valued at $166,804,000. Resolution Capital Ltd acquired a new position in Healthpeak Properties in the fourth quarter valued at $122,795,000. Long Pond Capital LP acquired a new position in Healthpeak Properties in the fourth quarter valued at $86,885,000. Finally, JPMorgan Chase & Co. lifted its position in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Up 0.8%

Healthpeak Properties stock traded up $0.13 during trading on Thursday, reaching $17.23. 2,676,216 shares of the company's stock were exchanged, compared to its average volume of 5,124,720. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company's 50-day moving average is $17.98 and its two-hundred day moving average is $19.64.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

Insider Buying and Selling at Healthpeak Properties

In other news, Director John T. Thomas purchased 4,200 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now directly owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. This represents a 0.52% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott M. Brinker acquired 2,750 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the acquisition, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 29,764 shares of company stock valued at $521,909 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company lowered their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday. Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.27.

Healthpeak Properties 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.