Lazard Asset Management LLC Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Lazard Asset Management LLC increased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 51.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,014 shares of the real estate investment trust's stock after purchasing an additional 30,291 shares during the quarter. Lazard Asset Management LLC's holdings in Healthpeak Properties were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Healthpeak Properties by 23.2% in 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 purchasing an additional 4,056,931 shares in the last quarter. Vert Asset Management LLC boosted its position in 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 valued at $6,167,000 after acquiring an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Healthpeak Properties by 25.7% during 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 acquiring an additional 22,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Healthpeak Properties by 16.6% during the 4th 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 acquiring an additional 15,753 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Healthpeak Properties by 22.4% during the 4th quarter. Sterling Capital Management LLC now owns 80,157 shares of the real estate investment trust's stock valued at $1,625,000 after acquiring an additional 14,689 shares in the last quarter. Institutional investors own 93.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DOC. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Scotiabank dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Wedbush dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Argus reaffirmed a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Robert W. Baird dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average price target of $23.45.

Healthpeak Properties Stock Up 0.2%

Shares of DOC traded up $0.04 during midday trading on Friday, hitting $16.86. 5,878,293 shares of the company's stock traded hands, compared to its average volume of 5,071,131. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26. The firm's fifty day moving average is $18.46 and its 200-day moving average is $19.90. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $11.71 billion, a price-to-earnings 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 issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side 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 disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio is presently 305.00%.

Insider Activity

In other news, CEO Scott M. Brinker bought 2,750 shares of Healthpeak Properties stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the purchase, the chief executive officer now directly owns 204,613 shares of the company's stock, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John T. Thomas bought 4,200 shares of Healthpeak Properties stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now directly owns 813,566 shares in the company, valued at $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. In the last quarter, insiders acquired 23,987 shares of company stock worth $422,141. Insiders own 0.23% of the company's stock.

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.