Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 58.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,015,174 shares of the real estate investment trust's stock after buying an additional 375,747 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.15% of Healthpeak Properties worth $20,527,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Healthpeak Properties in the fourth quarter valued at $166,804,000. Resolution Capital Ltd purchased a new position in shares of Healthpeak Properties during the 4th quarter worth $122,795,000. Long Pond Capital LP acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth about $86,885,000. Northern Trust Corp increased its position in shares of Healthpeak Properties by 32.6% during the 4th quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after purchasing an additional 2,590,530 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Healthpeak Properties by 56,120.9% in the 4th quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock valued at $34,181,000 after buying an additional 1,683,066 shares during the period. Hedge funds and other institutional investors own 93.57% of the company's stock.

Insider Activity at Healthpeak Properties

In related news, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were bought at an average price of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director now owns 144,290 shares in the company, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Thomas bought 4,200 shares of the stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director now owns 813,566 shares in the company, valued at approximately $14,514,017.44. This represents a 0.52% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 29,764 shares of company stock valued at $521,909 over the last quarter. 0.23% of the stock is owned by insiders.

Healthpeak Properties Stock Up 2.3%

DOC stock traded up $0.40 during mid-day trading on Monday, reaching $17.50. The company had a trading volume of 6,257,897 shares, compared to its average volume of 5,564,780. The firm has a fifty day simple moving average of $17.60 and a 200 day simple moving average of $19.24. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 43.75, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results 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. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. Analysts forecast 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. Investors of record on Tuesday, May 20th were paid a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's payout ratio is currently 305.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wedbush lowered their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Scotiabank dropped their target price 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. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Wells Fargo & Company lowered their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and a consensus price target of $23.27.

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.