Tectonic Advisors LLC Boosts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Tectonic Advisors LLC grew its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 405,188 shares of the real estate investment trust's stock after acquiring an additional 36,794 shares during the quarter. Tectonic Advisors LLC owned 0.06% of Healthpeak Properties worth $8,193,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mizuho Bank Ltd. acquired a new position in Healthpeak Properties during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at approximately $30,000. Future Financial Wealth Managment LLC acquired a new position in shares of Healthpeak Properties in the first quarter valued at approximately $30,000. S.A. Mason LLC increased its stake in shares of Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 925 shares during the period. Finally, Covestor Ltd increased its stake in shares of 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. Institutional investors and hedge funds own 93.57% of the company's stock.

Insider Buying and Selling

In related news, Director John T. Thomas purchased 4,200 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director owned 813,566 shares of the company's stock, valued at $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tommy G. Thompson purchased 5,777 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director directly owned 144,290 shares in the company, 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. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DOC shares. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. 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 note on Monday, June 2nd. Robert W. Baird lowered their price objective 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. Scotiabank lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Finally, Argus reissued a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.27.

Healthpeak Properties Stock Up 0.6%

Shares of DOC traded up $0.12 during trading hours on Thursday, reaching $18.38. The stock had a trading volume of 5,104,112 shares, compared to its average volume of 5,359,852. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The firm has a 50-day simple moving average of $17.55 and a 200 day simple moving average of $18.92. 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 company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 45.94, a P/E/G 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. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.1017 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

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.