Envestnet Asset Management Inc. Purchases 669,153 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Envestnet Asset Management Inc. increased its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,054,608 shares of the real estate investment trust's stock after acquiring an additional 669,153 shares during the period. Envestnet Asset Management Inc. owned about 0.44% of Healthpeak Properties worth $61,764,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Bank Ltd. purchased a new stake in Healthpeak Properties in the 4th quarter worth about $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties in the 4th quarter worth about $30,000. Future Financial Wealth Managment LLC purchased a new stake in Healthpeak Properties in the 1st quarter worth about $30,000. S.A. Mason LLC lifted its stake in 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 worth $30,000 after acquiring an additional 925 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,152 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of several research analyst reports. Argus reissued a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Scotiabank cut their price target on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Evercore ISI cut their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.27.

Healthpeak Properties Stock Performance

DOC traded down $0.10 on Friday, hitting $18.44. The company had a trading volume of 5,349,015 shares, compared to its average volume of 5,356,732. The company's fifty day moving average price is $17.47 and its 200 day moving average price is $18.95. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03.

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

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.62%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of the company's stock in a transaction on 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 transaction, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John T. Thomas purchased 4,200 shares of the company's stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the transaction, the director owned 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 29,764 shares of company stock valued at $521,909 in the last three months. Company insiders own 0.23% of the company's stock.

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.