Healthpeak Properties, Inc. (NYSE:DOC) Stock Position Increased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,526,223 shares of the real estate investment trust's stock after acquiring an additional 2,590,530 shares during the quarter. Northern Trust Corp owned approximately 1.50% of Healthpeak Properties worth $213,367,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DOC. Mizuho Bank Ltd. acquired a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties during the 4th quarter worth about $30,000. Covestor Ltd boosted its stake 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 acquiring an additional 1,152 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after buying an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of Healthpeak Properties during the fourth quarter worth approximately $45,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DOC shares. Argus reaffirmed a "buy" rating and issued 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 shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Scotiabank decreased their price objective on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company 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 nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.42.

Insiders Place Their Bets

In related news, Director John T. Thomas purchased 4,200 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director now directly owns 813,566 shares in the company, valued at $14,514,017.44. This trade represents a 0.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Scott M. Brinker acquired 11,337 shares of Healthpeak Properties stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average price of $17.68 per share, with a total value of $200,438.16. Following the purchase, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at approximately $3,568,937.84. This trade represents a 5.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Healthpeak Properties Price Performance

Shares of DOC traded up $0.01 during mid-day trading on Friday, hitting $17.79. 5,480,379 shares of the company were exchanged, compared to its average volume of 4,913,319. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50 day moving average of $19.37 and a 200-day moving average of $20.42. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. Healthpeak Properties, Inc. has a 1-year low of $17.33 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its earnings results 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 net margin of 9.00% and a return on equity of 2.61%. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. During the same period in the previous year, the business posted $0.45 EPS. Healthpeak Properties's revenue was up 15.9% on a year-over-year basis. Analysts expect 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 Wednesday, April 30th. Investors of record on Friday, April 18th were issued a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, April 17th. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

Healthpeak Properties 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.