Mirae Asset Global Investments Co. Ltd. Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Mirae Asset Global Investments Co. Ltd. increased its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,507 shares of the real estate investment trust's stock after purchasing an additional 15,009 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Healthpeak Properties were worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mizuho Bank Ltd. acquired a new stake in shares of Healthpeak Properties in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties in the fourth quarter valued at approximately $30,000. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties during the 1st quarter valued at approximately $30,000. S.A. Mason LLC raised its holdings in Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,152 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Scotiabank decreased their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Evercore ISI decreased their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered their price objective 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. Argus restated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wedbush decreased their target price 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.27.

Insiders Place Their Bets

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director directly owned 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the transaction, the chief executive officer owned 204,613 shares of the company's stock, valued at approximately $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 29,764 shares of company stock valued at $521,909. Corporate insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Down 0.4%

Shares of DOC traded down $0.07 during trading hours on Friday, hitting $18.25. The stock had a trading volume of 5,546,828 shares, compared to its average volume of 5,331,883. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. 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 firm has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $19.02. The firm has a market capitalization of $12.68 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03.

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 for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same period last year, the business earned $0.45 EPS. The business's revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

About Healthpeak Properties

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.