Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,312 shares of the real estate investment trust's stock, valued at approximately $411,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Healthpeak Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock worth $371,168,000 after acquiring an additional 638,012 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in 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 valued at $350,021,000 after buying an additional 1,651,235 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in 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 valued at $227,339,000 after buying an additional 398,770 shares during the last quarter. Northern Trust Corp lifted its stake in 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 valued at $213,367,000 after buying an additional 2,590,530 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust's stock valued at $205,810,000 after buying an additional 53,392 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.
Healthpeak Properties Price Performance
Healthpeak Properties stock traded down $0.14 during trading hours on Friday, hitting $17.35. The stock had a trading volume of 9,420,687 shares, compared to its average volume of 5,254,668. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 1.98 and a beta of 1.05. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The stock's fifty day moving average is $17.47 and its two-hundred day moving average is $19.10.
Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. Healthpeak Properties's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company 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 Dividend Announcement
The company also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were issued a $0.1017 dividend. This represents a yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties's dividend payout ratio (DPR) is 305.00%.
Insider Buying and Selling at Healthpeak Properties
In related news, CEO Scott M. Brinker acquired 11,337 shares of Healthpeak Properties stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the transaction, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at $3,568,937.84. The trade was a 5.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director now directly owns 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 29,764 shares of company stock valued at $521,909. Insiders own 0.23% of the company's stock.
Analysts Set New Price Targets
DOC has been the subject of several analyst reports. Robert W. Baird cut 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 Tuesday, April 29th. Wells Fargo & Company cut 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. Wall Street Zen upgraded Healthpeak Properties from a "sell" rating to a "hold" rating in a research note on Sunday. Evercore ISI dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.27.
Read Our Latest Analysis on Healthpeak Properties
About Healthpeak Properties
(
Free Report)
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.
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