Worldquant Millennium Advisors LLC Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Worldquant Millennium Advisors LLC raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,011,858 shares of the real estate investment trust's stock after purchasing an additional 129,199 shares during the period. Worldquant Millennium Advisors LLC owned about 0.14% of Healthpeak Properties worth $20,510,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

DOC has been the subject of several analyst reports. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Wedbush reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Robert W. Baird lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Scotiabank dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.45.

Insider Buying and Selling

In other news, Director Tommy G. Thompson bought 5,700 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the purchase, the director now directly owns 138,513 shares in the company, valued at approximately $2,404,585.68. This trade represents a 4.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the acquisition, the chief executive officer now directly owns 204,613 shares of the company's stock, valued at $3,558,220.07. This represents a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 23,987 shares of company stock valued at $422,141 over the last ninety days. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Performance

Shares of DOC stock traded up $0.04 during trading hours on Monday, hitting $16.86. The company's stock had a trading volume of 5,878,293 shares, compared to its average volume of 5,080,581. The stock has a market cap of $11.71 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26. The company has a 50 day moving average of $18.46 and a 200 day moving average of $19.86. 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 posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

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.