Merit Financial Group LLC Buys 20,194 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Merit Financial Group LLC lifted its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 80.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,157 shares of the real estate investment trust's stock after purchasing 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 and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after purchasing an additional 4,056,931 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Healthpeak Properties by 8.5% in the first quarter. Douglas Lane & Associates LLC now owns 2,792,850 shares of the real estate investment trust's stock worth $56,471,000 after buying an additional 218,395 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Healthpeak Properties in the fourth quarter worth approximately $5,691,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $30,153,000. Finally, Wellington Management Group LLP raised its holdings in shares of Healthpeak Properties by 122.8% during the fourth quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust's stock valued at $3,158,000 after acquiring an additional 85,867 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DOC shares. 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 report on Monday, April 28th. Wells Fargo & Company decreased their target price on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, June 2nd. Robert W. Baird dropped their price target 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. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Scotiabank lowered their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $23.27.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 11,337 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of the stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director now owns 144,290 shares of the company's stock, valued at $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 purchased 29,764 shares of company stock valued at $521,909. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Down 0.1%

DOC stock traded down $0.01 during trading hours on Thursday, hitting $17.50. The company's stock had a trading volume of 4,492,722 shares, compared to its average volume of 5,162,454. The stock has a 50 day moving average price of $17.75 and a two-hundred day moving average price of $19.50. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The company has a market capitalization of $12.16 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

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, hitting analysts' consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to analysts' expectations 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 for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

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.