Healthpeak Properties, Inc. (NYSE:DOC) Position Raised by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Healthpeak Properties, Inc. by 20.7% during the first quarter, owning approximately 3.33% of the company worth $467 million.
• Healthpeak Properties' latest quarterly earnings reported $0.46 earnings per share, matching analysts' expectations despite a slight year-over-year revenue decline.
• The company announced a monthly dividend of $0.1017 per share, representing a yield of 7.2% with an ex-dividend date set for September 19th.

Invesco Ltd. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,111,320 shares of the real estate investment trust's stock after purchasing an additional 3,967,830 shares during the quarter. Invesco Ltd. owned about 3.33% of Healthpeak Properties worth $467,311,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Resolution Capital Ltd acquired a new stake in shares of Healthpeak Properties during the fourth quarter valued at about $122,795,000. Long Pond Capital LP acquired a new stake in shares of Healthpeak Properties during the fourth quarter valued at about $86,885,000. Northern Trust Corp grew its stake in shares of Healthpeak Properties by 32.6% during the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock valued at $213,367,000 after acquiring an additional 2,590,530 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Healthpeak Properties by 18.5% during the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock valued at $268,642,000 after acquiring an additional 2,070,416 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Healthpeak Properties by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock valued at $350,021,000 after acquiring an additional 1,651,235 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 1,490 shares of the business's stock in a transaction dated Monday, August 4th. The shares were bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the completion of the acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This represents a 0.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the acquisition, the director owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 14,560 shares of company stock worth $249,898. Corporate insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Robert W. Baird set a $21.00 price target on Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Finally, Wedbush decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Healthpeak Properties Stock Performance

DOC stock traded up $0.23 during midday trading on Tuesday, reaching $17.00. The company had a trading volume of 8,526,372 shares, compared to its average volume of 8,000,556. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $17.63 and a 200 day moving average price of $18.55. Healthpeak Properties, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $23.26. The firm has a market capitalization of $11.81 billion, a PE ratio of 70.84, a P/E/G ratio of 2.14 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The company had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's payout ratio is 508.33%.

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.