Wealthedge Investment Advisors LLC Makes New $479,000 Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Wealthedge Investment Advisors LLC bought a new stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,609 shares of the real estate investment trust's stock, valued at approximately $479,000.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC raised its stake in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock worth $371,168,000 after acquiring an additional 638,012 shares in the last quarter. Principal Financial Group Inc. raised its stake in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after acquiring an additional 17,314,572 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Healthpeak Properties by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after acquiring an additional 1,651,235 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its stake in Healthpeak Properties by 3.7% during the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock worth $227,339,000 after acquiring an additional 398,770 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wedbush dropped 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 Monday, April 28th. Argus reiterated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird dropped 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 dropped 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, Evercore ISI decreased their target price on 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 issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.45.

Healthpeak Properties Stock Down 0.6%

Shares of NYSE:DOC traded down $0.11 during trading on Friday, hitting $17.41. 9,932,437 shares of the company's stock traded hands, compared to its average volume of 5,129,080. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. 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 cap of $12.10 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a 50-day moving average price of $18.16 and a 200-day moving average price of $19.70.

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 the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same quarter in the previous year, the business posted $0.45 EPS. Healthpeak Properties's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

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

Insider Activity

In other news, CEO Scott M. Brinker bought 2,750 shares of the business's stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the purchase, the chief executive officer now owns 204,613 shares of the company's stock, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Thomas bought 4,200 shares of the business's stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the purchase, the director now directly owns 813,566 shares in the company, 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. Insiders have acquired 29,764 shares of company stock worth $521,909 in the last 90 days. Corporate insiders own 0.23% of the company's stock.

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.