Ibex Wealth Advisors Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Ibex Wealth Advisors acquired a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 250,041 shares of the real estate investment trust's stock, valued at approximately $5,056,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after purchasing an additional 638,012 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after acquiring an additional 1,651,235 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock worth $227,339,000 after acquiring an additional 398,770 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after acquiring an additional 2,590,530 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

DOC traded down $0.13 during trading on Friday, reaching $17.38. 4,888,301 shares of the company's stock were exchanged, compared to its average volume of 5,178,314. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $17.74 and a 200 day moving average price of $19.47. The company has a market capitalization of $12.07 billion, a P/E ratio of 49.64, a PEG ratio of 2.17 and a beta of 1.04.

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

Healthpeak Properties Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's payout ratio is presently 305.00%.

Insider Buying and Selling at Healthpeak Properties

In related news, Director Tommy G. Thompson acquired 5,700 shares of the business's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $17.36 per share, with a total value of $98,952.00. Following the completion of the acquisition, the director now owns 138,513 shares in the company, valued at $2,404,585.68. The trade was a 4.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott M. Brinker acquired 11,337 shares of the business's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now owns 201,863 shares of the company's stock, valued at approximately $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 29,764 shares of company stock valued at $521,909. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DOC. 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 research note on Tuesday, April 29th. Wedbush 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 research note on Monday, April 28th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Wells Fargo & Company decreased their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. 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, the company currently has an average rating of "Moderate Buy" and an average target price 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.