Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) CEO Scott M. Brinker bought 2,750 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $17.39 per share, with a total value of $47,822.50. Following the purchase, the chief executive officer now directly owns 204,613 shares of the company's stock, valued at approximately $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Healthpeak Properties Stock Up 1.2%
Healthpeak Properties stock traded up $0.21 during mid-day trading on Thursday, hitting $17.18. The company's stock had a trading volume of 2,365,306 shares, compared to its average volume of 4,969,787. The firm's 50 day moving average is $18.97 and its 200 day moving average is $20.17. The company has a market cap of $11.93 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 52-week low of $16.90 and a 52-week high of $23.26.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. On average, analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.
Healthpeak Properties Dividend Announcement
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a $0.1017 dividend. This represents a yield of 6.5%. The ex-dividend date was Thursday, April 17th. Healthpeak Properties's payout ratio is currently 305.00%.
Analysts Set New Price Targets
DOC has been the subject of several research reports. Evercore ISI decreased their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Wedbush reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Robert W. Baird reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, Scotiabank reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.25.
View Our Latest Stock Analysis on Healthpeak Properties
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of DOC. TCTC Holdings LLC increased 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 valued at $27,000 after acquiring an additional 751 shares during the last quarter. Brooklyn Investment Group increased 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 valued at $27,000 after acquiring an additional 873 shares during the last quarter. Mizuho Bank Ltd. acquired a new position in shares of Healthpeak Properties during 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 valued at about $30,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Healthpeak Properties during the 1st quarter valued at about $30,000. 93.57% of the stock is owned by institutional investors and hedge funds.
Healthpeak Properties Company Profile
(
Get Free Report)
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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