Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) CEO Scott M. Brinker purchased 1,490 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $16.83 per share, with a total value of $25,076.70. Following the purchase, the chief executive officer owned 211,906 shares of the company's stock, valued at $3,566,377.98. This represents a 0.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Healthpeak Properties Trading Down 0.9%
DOC stock traded down $0.15 during trading on Wednesday, hitting $17.04. The company had a trading volume of 1,767,804 shares, compared to its average volume of 5,991,885. The business has a 50-day moving average of $17.68 and a 200-day moving average of $18.68. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The stock has a market cap of $11.84 billion, a PE ratio of 71.02, a PEG ratio of 2.16 and a beta of 1.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The business had revenue of $694.35 million for the quarter, compared to analysts' expectations of $697.14 million. During the same period in the prior year, the business posted $0.45 earnings per share. The firm's revenue was down .2% on a year-over-year basis. Research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.1017 dividend. The ex-dividend date is Friday, September 19th. This represents a c) annualized dividend and a yield of 7.2%. Healthpeak Properties's dividend payout ratio is presently 508.33%.
Hedge Funds Weigh In On Healthpeak Properties
Institutional investors and hedge funds have recently modified their holdings of the business. Brooklyn Investment Group boosted its holdings in shares of Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock worth $27,000 after buying an additional 873 shares in the last quarter. TCTC Holdings LLC boosted its holdings in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after buying an additional 751 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Healthpeak Properties in the 1st quarter worth $30,000. S.A. Mason LLC lifted its holdings in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares in the last quarter. Finally, Dagco Inc. bought a new position in shares of Healthpeak Properties in the 1st quarter worth $30,000. 93.57% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
DOC has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target 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. Argus reissued a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wedbush lowered 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. 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. Finally, Scotiabank downgraded Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.
Read Our Latest Stock Report on Healthpeak Properties
About Healthpeak Properties
(
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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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