Vanguard Group Inc. decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,553,558 shares of the real estate investment trust's stock after selling 92,817 shares during the quarter. Vanguard Group Inc. owned 16.06% of Healthpeak Properties worth $2,255,613,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. Wellington Management Group LLP lifted its holdings in Healthpeak Properties by 122.8% in the fourth quarter. Wellington Management Group LLP now owns 155,777 shares of the real estate investment trust's stock valued at $3,158,000 after acquiring an additional 85,867 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Healthpeak Properties by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 679,464 shares of the real estate investment trust's stock valued at $13,773,000 after purchasing an additional 117,495 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Healthpeak Properties by 3.6% during the 4th quarter. Bank of Nova Scotia now owns 93,335 shares of the real estate investment trust's stock valued at $1,892,000 after purchasing an additional 3,276 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Healthpeak Properties by 8.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,280,268 shares of the real estate investment trust's stock valued at $25,951,000 after purchasing an additional 97,700 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in shares of Healthpeak Properties during the 4th quarter valued at approximately $7,403,000. Institutional investors and hedge funds own 93.57% of the company's stock.
Healthpeak Properties Trading Down 0.5%
NYSE DOC traded down $0.09 during trading on Thursday, hitting $17.05. The stock had a trading volume of 5,526,047 shares, compared to its average volume of 6,053,646. The company has a market capitalization of $11.85 billion, a PE ratio of 71.04, a PEG ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $17.63 and a 200 day moving average price of $18.54. Healthpeak Properties, Inc. has a twelve month low of $16.63 and a twelve month high of $23.26.
Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. Healthpeak Properties's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, equities research analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.
Healthpeak Properties Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.1017 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties's payout ratio is currently 508.33%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DOC. Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the company from $21.00 to $19.00 in a report on Tuesday, July 29th. Wells Fargo & Company reduced their target price 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 set a $21.00 target price on Healthpeak Properties and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wedbush 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 Monday, April 28th. Finally, Evercore ISI reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.00.
Check Out Our Latest Stock Report on Healthpeak Properties
Insider Activity
In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott M. Brinker purchased 2,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer directly owned 210,416 shares of the company's stock, valued at $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 14,560 shares of company stock valued at $249,898. 0.23% of the stock is currently owned by corporate insiders.
Healthpeak Properties Profile
(
Free Report)
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.
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