Zurcher Kantonalbank Zurich Cantonalbank Has $12.96 Million Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,902 shares of the real estate investment trust's stock after purchasing an additional 19,977 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Healthpeak Properties worth $12,959,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Machina Capital S.A.S. boosted its stake in Healthpeak Properties by 62.8% in the first quarter. Machina Capital S.A.S. now owns 37,160 shares of the real estate investment trust's stock valued at $751,000 after acquiring an additional 14,336 shares during the last quarter. Douglas Lane & Associates LLC boosted its stake in Healthpeak Properties by 8.5% in the first quarter. Douglas Lane & Associates LLC now owns 2,792,850 shares of the real estate investment trust's stock valued at $56,471,000 after acquiring an additional 218,395 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Healthpeak Properties by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 357,520 shares of the real estate investment trust's stock valued at $7,229,000 after acquiring an additional 23,135 shares during the last quarter. Ibex Wealth Advisors bought a new position in Healthpeak Properties in the first quarter valued at approximately $5,056,000. Finally, Vert Asset Management LLC boosted its stake in Healthpeak Properties by 6.9% in the first quarter. Vert Asset Management LLC now owns 325,143 shares of the real estate investment trust's stock valued at $6,574,000 after acquiring an additional 20,924 shares during the last quarter. 93.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DOC shares. Evercore ISI cut their target price 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. Argus reiterated a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday. Finally, Wedbush cut their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson purchased 5,777 shares of the stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker purchased 2,930 shares of the stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, for a total transaction of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares in the company, valued at approximately $3,589,696.96. The trade was a 1.41% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 20,030 shares of company stock worth $346,519 over the last quarter. Company insiders own 0.23% of the company's stock.

Healthpeak Properties Stock Down 1.1%

Shares of NYSE:DOC traded down $0.19 during midday trading on Friday, reaching $16.75. 12,918,133 shares of the company were exchanged, compared to its average volume of 6,992,564. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $17.68 and a two-hundred day simple moving average of $18.75. The firm has a market cap of $11.64 billion, a PE ratio of 69.79, a P/E/G ratio of 2.16 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million for the quarter, compared to analyst estimates of $697.14 million. During the same period in the previous year, the business earned $0.45 EPS. The company's revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.1017 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's payout ratio is presently 508.33%.

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.