QRG Capital Management Inc. Boosts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

QRG Capital Management Inc. raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 303.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,520 shares of the real estate investment trust's stock after purchasing an additional 81,622 shares during the period. 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 hedge funds and other institutional investors also recently made changes to their positions in DOC. Mizuho Bank Ltd. acquired a new position in Healthpeak Properties in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties in the fourth quarter worth approximately $30,000. Future Financial Wealth Managment LLC bought a new stake in Healthpeak Properties in the first quarter worth approximately $30,000. Covestor Ltd lifted its stake in 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 buying an additional 1,152 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Healthpeak Properties in the fourth quarter valued at approximately $45,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

Shares of DOC traded up $0.40 during mid-day trading on Monday, hitting $17.50. The stock had a trading volume of 6,257,901 shares, compared to its average volume of 5,206,940. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week 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 business has a fifty day moving average price of $17.58 and a 200-day moving average price of $19.21. The firm has a market cap of $12.16 billion, a P/E ratio of 43.75, a PEG ratio of 1.95 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The business had revenue of $702.89 million during the quarter, compared to analyst estimates 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 was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Scott M. Brinker acquired 2,750 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer now owns 204,613 shares in the company, valued at approximately $3,558,220.07. This represents a 1.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tommy G. Thompson acquired 5,700 shares of the business's stock in a transaction dated Friday, May 9th. The stock was acquired 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 in the company, valued at $2,404,585.68. This represents a 4.29% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 29,764 shares of company stock worth $521,909. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

DOC has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Argus restated a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Evercore ISI dropped their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Robert W. Baird reduced 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 Tuesday, April 29th. Finally, Scotiabank decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.27.

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.