Royal Bank of Canada Raises Position in Healthpeak Properties, Inc. (NYSE:DOC)

Royal Bank of Canada increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,080,999 shares of the real estate investment trust's stock after buying an additional 372,324 shares during the period. Royal Bank of Canada owned 0.15% of Healthpeak Properties worth $21,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DOC. JPMorgan Chase & Co. increased its position in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the period. Vert Asset Management LLC lifted its position in shares of Healthpeak Properties by 11.1% during the 4th quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock worth $6,167,000 after buying an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Healthpeak Properties by 25.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after purchasing an additional 22,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock valued at $2,217,000 after buying an additional 15,753 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Healthpeak Properties by 22.4% in the 4th quarter. Sterling Capital Management LLC now owns 80,157 shares of the real estate investment trust's stock worth $1,625,000 after acquiring an additional 14,689 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of recent research reports. Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Argus reaffirmed a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Scotiabank reduced their price objective on 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. Finally, Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.45.

Healthpeak Properties Trading Down 0.3%

Shares of Healthpeak Properties stock traded down $0.05 during midday trading on Friday, reaching $17.47. The company had a trading volume of 1,050,995 shares, compared to its average volume of 5,108,599. The stock has a fifty day moving average price of $18.22 and a 200 day moving average price of $19.75. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The firm has a market cap of $12.13 billion, a PE ratio of 50.02, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35.

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 firm had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. This represents a dividend yield of 7.05%. The ex-dividend date is Monday, May 19th. Healthpeak Properties's payout ratio is presently 305.00%.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,750 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, with a total value of $47,822.50. Following the transaction, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Thomas purchased 4,200 shares of the company's stock in a transaction dated Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now directly owns 813,566 shares in the company, 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. Insiders purchased a total of 29,764 shares of company stock valued at $521,909 over the last ninety days. 0.23% of the stock is currently owned by insiders.

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.