M&T Bank Corp Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

M&T Bank Corp grew its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 9.5% in the first quarter, according to its most recent 13F filing 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 period. M&T Bank Corp owned approximately 0.16% of Healthpeak Properties worth $22,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DOC. Jones Financial Companies Lllp grew its position in shares of Healthpeak Properties by 21.5% during the 4th quarter. Jones Financial Companies Lllp now owns 11,963 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 2,118 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Healthpeak Properties by 22.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,450 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 998 shares in the last quarter. Assetmark Inc. grew its position in Healthpeak Properties by 433.5% in the fourth quarter. Assetmark Inc. now owns 2,982 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 2,423 shares in the last quarter. Atria Investments Inc grew its position in Healthpeak Properties by 17.5% in the fourth quarter. Atria Investments Inc now owns 52,516 shares of the real estate investment trust's stock worth $1,064,000 after acquiring an additional 7,806 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Healthpeak Properties in the fourth quarter worth $1,086,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 11,337 shares of the business's stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the acquisition, the chief executive officer directly owned 201,863 shares in the company, valued at $3,568,937.84. This represents a 5.95% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John T. Thomas purchased 4,200 shares of the business's stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the acquisition, the director owned 813,566 shares of the company's stock, valued at approximately $14,514,017.44. The trade was a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 29,764 shares of company stock valued at $521,909. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Down 0.5%

Shares of NYSE DOC traded down $0.10 on Friday, reaching $18.44. 5,349,015 shares of the company's stock traded hands, compared to its average volume of 5,356,732. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The business's 50 day simple moving average is $17.47 and its two-hundred day simple moving average is $18.96. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 46.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The business had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on DOC shares. Wedbush cut 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. Scotiabank cut their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Argus restated a "buy" rating and set a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.27.

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.