Healthpeak Properties, Inc. (NYSE:DOC) CEO Purchases $25,076.70 in Stock

Key Points

• Healthpeak Properties, Inc. CEO Scott M. Brinker purchased 1,490 shares at an average price of $16.83, increasing his ownership to 211,906 shares.
• The company announced a monthly dividend of $0.1017, with a dividend yield of 7.2%, scheduled for payment on September 30th.
• Healthpeak Properties has a consensus rating of "Moderate Buy" among analysts, with an average target price of $23.00.

Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) CEO Scott M. Brinker acquired 1,490 shares of the stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the completion of the purchase, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Healthpeak Properties Trading Down 0.9%

Shares of DOC stock traded down $0.15 during trading hours on Wednesday, reaching $17.04. The company had a trading volume of 1,767,804 shares, compared to its average volume of 5,991,885. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 71.02, a P/E/G ratio of 2.16 and a beta of 1.05. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50 day moving average of $17.68 and a 200 day moving average of $18.68.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. On average, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is 508.33%.

Institutional Trading of Healthpeak Properties

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

Analysts Set New Price Targets

Several research analysts have recently commented on DOC shares. Argus reissued a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wedbush reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Robert W. Baird set a $21.00 price objective on Healthpeak Properties and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Evercore ISI reduced their price objective 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 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. According to MarketBeat, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

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.