Royal Bank of Canada Acquires 372,324 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Royal Bank of Canada raised its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 52.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,080,999 shares of the real estate investment trust's stock after acquiring an additional 372,324 shares during the period. Royal Bank of Canada owned approximately 0.15% of Healthpeak Properties worth $21,913,000 as of its most recent SEC filing.

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

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now directly owns 201,863 shares in the company, valued at approximately $3,568,937.84. This trade represents a 5.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Thomas acquired 4,200 shares of Healthpeak Properties stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the purchase, the director now owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. The trade was a 0.52% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 29,764 shares of company stock valued at $521,909 over the last quarter. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wedbush cut their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note 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 note on Monday, May 12th. Evercore ISI cut 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 note on Monday, April 28th. Robert W. Baird cut their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.45.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded up $0.06 during mid-day trading on Wednesday, hitting $17.41. 10,144,615 shares of the stock were exchanged, compared to its average volume of 5,106,564. The company has a market cap of $12.10 billion, a P/E ratio of 49.74, a PEG ratio of 2.17 and a beta of 1.05. The stock's fifty day simple moving average is $18.28 and its two-hundred day simple moving average is $19.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $702.89 million during 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 company's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

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.