Healthpeak Properties, Inc. (NYSE:DOC - Get Free Report) CEO Scott M. Brinker bought 2,750 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was 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 in the company, valued at $3,558,220.07. The trade was a 1.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Healthpeak Properties Stock Up 2.3%
NYSE:DOC traded up $0.41 during mid-day trading on Friday, hitting $17.72. The company had a trading volume of 7,605,131 shares, compared to its average volume of 5,005,727. The business has a fifty day simple moving average of $18.78 and a 200-day simple moving average of $20.06. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 50.62, a PEG ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 1 year low of $16.90 and a 1 year high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.
Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $702.89 million for 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 company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.
Healthpeak Properties Announces Dividend
The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's payout ratio is currently 305.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in Healthpeak Properties by 198.9% in the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 873 shares during the last quarter. TCTC Holdings LLC lifted its stake in shares of Healthpeak Properties by 124.3% in the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 751 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in Healthpeak Properties in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd acquired a new stake in Healthpeak Properties during the 4th quarter valued at approximately $30,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Healthpeak Properties during the 1st quarter worth approximately $30,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Evercore ISI dropped their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Robert W. Baird dropped their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Wedbush decreased their price target 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. Scotiabank lowered their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Finally, Argus restated a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthpeak Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.45.
Get Our Latest Stock Analysis 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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