Wealth Enhancement Advisory Services LLC Increases Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Wealth Enhancement Advisory Services LLC boosted its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,884 shares of the real estate investment trust's stock after acquiring an additional 18,483 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Healthpeak Properties worth $7,092,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DOC. Mizuho Bank Ltd. bought a new stake in Healthpeak Properties in the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $30,000. Covestor Ltd grew its position in shares of Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,152 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $45,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth approximately $46,000. 93.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 11,337 shares of the company's stock in a transaction on Monday, April 28th. The shares were acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. The trade was a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Tommy G. Thompson acquired 5,700 shares of the company's stock in a transaction on Friday, May 9th. The shares were bought at an average price of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the purchase, the director now owns 138,513 shares in the company, 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. In the last three months, insiders have purchased 29,764 shares of company stock worth $521,909. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday. Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Robert W. Baird reduced their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Evercore ISI reduced their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.27.

Healthpeak Properties Stock Down 0.2%

Shares of DOC traded down $0.04 during trading hours on Thursday, reaching $17.06. The stock had a trading volume of 5,439,646 shares, compared to its average volume of 5,144,265. 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 $17.92 and a 200 day simple moving average of $19.61. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 48.76, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company 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. Healthpeak Properties's quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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