Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by M&T Bank Corp

M&T Bank Corp grew its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090,002 shares of the real estate investment trust's stock after purchasing an additional 94,465 shares during the quarter. M&T Bank Corp owned 0.16% of Healthpeak Properties worth $22,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties in the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the 4th quarter worth approximately $30,000. Future Financial Wealth Managment LLC bought a new position in Healthpeak Properties in the 1st quarter worth approximately $30,000. S.A. Mason LLC grew its holdings 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 buying an additional 925 shares in the last quarter. Finally, Covestor Ltd boosted its stake 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 valued at $37,000 after purchasing an additional 1,152 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $18.20 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26. The business has a 50-day moving average of $17.44 and a 200-day moving average of $19.00. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the previous year, the business posted $0.45 EPS. Healthpeak Properties's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate 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 monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.1017 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott M. Brinker bought 11,337 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the acquisition, the chief executive officer directly owned 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,764 shares of company stock worth $521,909 over the last three months. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wedbush cut their price objective on 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 cut their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday. 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 report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.27.

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.

Want to see what other hedge funds are holding DOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthpeak Properties, Inc. (NYSE:DOC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.