Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 80.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,157 shares of the real estate investment trust's stock after buying an additional 20,194 shares during the period. Merit Financial Group LLC's holdings in Healthpeak Properties were worth $913,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in Healthpeak Properties during the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $30,000. Future Financial Wealth Managment LLC bought a new stake in shares of Healthpeak Properties during the first quarter valued at approximately $30,000. Covestor Ltd boosted its holdings in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,152 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Healthpeak Properties in the fourth quarter worth approximately $45,000. Institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Up 1.9%

Shares of DOC stock traded up $0.33 during mid-day trading on Tuesday, hitting $17.60. 5,180,101 shares of the stock traded hands, compared to its average volume of 5,166,199. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The stock has a market cap of $12.22 billion, a P/E ratio of 50.27, a P/E/G ratio of 2.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The stock's fifty day moving average is $17.77 and its two-hundred day moving average is $19.51.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. Equities analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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. Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their price objective on shares of 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. Robert W. Baird cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Scotiabank reduced their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.27.

Insider Buying and Selling at Healthpeak Properties

In other news, Director John T. Thomas bought 4,200 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. The trade was a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tommy G. Thompson bought 5,700 shares of Healthpeak Properties stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $17.36 per share, with a total value of $98,952.00. Following the purchase, the director now directly 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 disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 29,764 shares of company stock worth $521,909. 0.23% of the stock is owned by insiders.

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.