Victory Capital Management Inc. Has $26.57 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Victory Capital Management Inc. reduced its holdings in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,314,119 shares of the real estate investment trust's stock after selling 109,034 shares during the period. Victory Capital Management Inc. owned 0.19% of Healthpeak Properties worth $26,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Healthpeak Properties in the fourth quarter valued at approximately $166,804,000. Resolution Capital Ltd bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $122,795,000. Long Pond Capital LP bought a new stake in shares of Healthpeak Properties in the 4th quarter worth approximately $86,885,000. Northern Trust Corp lifted its holdings in shares of Healthpeak Properties by 32.6% in 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 acquiring an additional 2,590,530 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Healthpeak Properties by 56,120.9% in the fourth quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust's stock worth $34,181,000 after buying an additional 1,683,066 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker bought 2,750 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the purchase, the chief executive officer directly owned 204,613 shares of the company's stock, valued at approximately $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Thomas purchased 4,200 shares of the stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director directly owned 813,566 shares of the company's stock, 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. Over the last ninety days, insiders purchased 29,764 shares of company stock worth $521,909. Company insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Robert W. Baird reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wedbush cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Evercore ISI cut 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of "Moderate Buy" and an average target price of $23.27.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $18.38 on Tuesday. The firm has a fifty day moving average of $17.58 and a two-hundred day moving average of $18.87. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 2.09 and a beta of 1.03. 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 quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced 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 company had revenue of $702.89 million during the quarter, compared to analysts' expectations of $690.76 million. During the same quarter last year, the company earned $0.45 EPS. Healthpeak Properties's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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 paid a $0.1017 dividend. This represents a $1.22 annualized dividend and a dividend yield of 6.64%. The ex-dividend date 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.

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