Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Healthpeak Properties by 10.2% during Q1, acquiring an additional 161,220 shares, bringing their total to 1,747,242 shares valued at approximately $35.3 million.
• Healthpeak Properties recently declared a monthly dividend of $0.1017 per share, with a yield of 7.2% and a high payout ratio of 508.33%.
• Analysts generally hold a Moderate Buy consensus rating on Healthpeak Properties, with a consensus price target of $23.00.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,747,242 shares of the real estate investment trust's stock after purchasing an additional 161,220 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.25% of Healthpeak Properties worth $35,329,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DOC. Wellington Management Group LLP increased its stake in Healthpeak Properties by 122.8% in the fourth quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust's stock valued at $3,158,000 after purchasing an additional 85,867 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Healthpeak Properties by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 679,464 shares of the real estate investment trust's stock worth $13,773,000 after acquiring an additional 117,495 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Healthpeak Properties by 3.6% during the fourth quarter. Bank of Nova Scotia now owns 93,335 shares of the real estate investment trust's stock worth $1,892,000 after acquiring an additional 3,276 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Healthpeak Properties by 8.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,280,268 shares of the real estate investment trust's stock worth $25,951,000 after acquiring an additional 97,700 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Healthpeak Properties during the fourth quarter worth $7,403,000. Institutional investors own 93.57% of the company's stock.

Wall Street Analyst Weigh In

DOC has been the subject of several research reports. Scotiabank downgraded shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $21.00 to $19.00 in a research report on Tuesday, July 29th. Argus reaffirmed a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wedbush decreased their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Healthpeak Properties Price Performance

DOC stock traded down $0.03 during mid-day trading on Tuesday, hitting $16.74. The stock had a trading volume of 467,564 shares, compared to its average volume of 5,994,220. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26. The firm has a market capitalization of $11.63 billion, a P/E ratio of 69.82, a P/E/G ratio of 2.17 and a beta of 1.05. The firm has a fifty day simple moving average of $17.64 and a 200 day simple moving average of $18.56.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given 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 is Friday, September 19th. Healthpeak Properties's payout ratio is presently 508.33%.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of the stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker acquired 2,930 shares of the stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the acquisition, the chief executive officer owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,560 shares of company stock worth $249,898 in the last quarter. 0.23% of the stock is owned by corporate insiders.

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.