Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,115 shares of the real estate investment trust's stock after buying an additional 113,182 shares during the quarter. Toronto Dominion Bank owned 0.07% of Healthpeak Properties worth $9,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DOC. Principal Financial Group Inc. lifted its holdings in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock valued at $367,575,000 after acquiring an additional 17,314,572 shares during the period. Norges Bank purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at about $166,804,000. Resolution Capital Ltd purchased a new position in shares of Healthpeak Properties in the 4th quarter valued at about $122,795,000. Long Pond Capital LP acquired a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $86,885,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 buying an additional 4,056,931 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wedbush lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Evercore ISI dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Argus reiterated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.45.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the firm's stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now owns 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction 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 acquisition, the chief executive officer now directly owns 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 23,987 shares of company stock valued at $422,141. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded up $0.04 during trading on Monday, reaching $16.86. The company had a trading volume of 5,878,293 shares, compared to its average volume of 5,080,581. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26. The stock has a 50-day moving average price of $18.46 and a two-hundred day moving average price of $19.86. The stock has a market capitalization of $11.71 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be given 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 presently 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.