QRG Capital Management Inc. Purchases 81,622 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

QRG Capital Management Inc. boosted its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 303.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,520 shares of the real estate investment trust's stock after acquiring an additional 81,622 shares during the quarter. QRG Capital Management Inc.'s holdings in Healthpeak Properties were worth $2,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in Healthpeak Properties by 4.2% in the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock valued at $283,000 after acquiring an additional 561 shares during the period. Townsquare Capital LLC increased its stake in Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after acquiring an additional 584 shares during the period. Huntington National Bank increased its stake in Healthpeak Properties by 3.0% in the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust's stock valued at $422,000 after acquiring an additional 613 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Healthpeak Properties by 4.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust's stock valued at $337,000 after acquiring an additional 700 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Healthpeak Properties by 3.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust's stock valued at $420,000 after acquiring an additional 797 shares during the period. Institutional investors own 93.57% of the company's stock.

Insider Buying and Selling

In other news, CEO Scott M. Brinker bought 11,337 shares of the stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the purchase, the chief executive officer now owns 201,863 shares of the company's stock, valued at approximately $3,568,937.84. This trade represents a 5.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tommy G. Thompson bought 5,700 shares of the stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $17.36 per share, with a total value of $98,952.00. Following the purchase, the director now directly owns 138,513 shares of the company's stock, valued at approximately $2,404,585.68. This represents a 4.29% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 29,764 shares of company stock valued at $521,909 over the last ninety days. Insiders own 0.23% of the company's stock.

Healthpeak Properties Trading Up 0.3%

Shares of DOC traded up $0.06 on Friday, reaching $17.11. 10,731,010 shares of the company's stock were exchanged, compared to its average volume of 5,228,121. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $11.88 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. The business has a 50 day moving average price of $17.60 and a two-hundred day moving average price of $19.27. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. The business 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 9.99% and a return on equity of 3.06%. Healthpeak Properties's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Research 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 declared 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. 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 (DPR) is 305.00%.

Analyst Upgrades and Downgrades

DOC has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Scotiabank reduced their price target on shares of 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. Evercore ISI reduced their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Robert W. Baird reduced their price target 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, Wedbush reduced 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 Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average price target of $23.27.

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.