LPL Financial LLC Boosts Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• LPL Financial LLC increased its stake in Healthpeak Properties by 11.1% in the first quarter, acquiring an additional 404,372 shares, bringing its total ownership to approximately 0.58% worth $81.5 million.
• Healthpeak Properties recently announced a monthly dividend payment of $0.1017, with an annualized yield of 7.09%, reflecting a payout ratio of 508.33%.
• Recent analyst ratings for Healthpeak Properties show a mixed outlook, with price targets ranging from $20.00 to $25.00, indicating a consensus rating of "Moderate Buy."

LPL Financial LLC raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,032,779 shares of the real estate investment trust's stock after purchasing an additional 404,372 shares during the period. LPL Financial LLC owned 0.58% of Healthpeak Properties worth $81,543,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DOC. Mizuho Bank Ltd. acquired a new stake in Healthpeak Properties during the 4th quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties in the first quarter valued at $30,000. S.A. Mason LLC boosted its position in Healthpeak Properties by 160.9% during the first 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 grew its holdings in Healthpeak Properties by 173.8% during 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 during the period. Finally, Beacon Capital Management LLC raised its position 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 worth $37,000 after acquiring an additional 1,054 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Tommy G. Thompson acquired 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the transaction, the director owned 144,290 shares of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott M. Brinker bought 2,930 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the transaction, the chief executive officer directly owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 20,030 shares of company stock valued at $346,519 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock traded down $0.19 during trading on Friday, hitting $16.75. The stock had a trading volume of 12,918,133 shares, compared to its average volume of 6,992,564. The company has a current ratio of 1.28, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The firm has a market cap of $11.64 billion, a price-to-earnings ratio of 69.79, a P/E/G ratio of 2.16 and a beta of 1.05. The business's 50-day moving average is $17.69 and its 200 day moving average is $18.77.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting 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 analysts' expectations of $697.14 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm's revenue was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's payout ratio is currently 508.33%.

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.