Nuveen Asset Management LLC Raises Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Nuveen Asset Management LLC raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,400,886 shares of the real estate investment trust's stock after acquiring an additional 379,745 shares during the period. Nuveen Asset Management LLC owned approximately 1.06% of Healthpeak Properties worth $150,016,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Vert Asset Management LLC increased its holdings in Healthpeak Properties by 11.1% in the 4th quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock worth $6,167,000 after acquiring an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Healthpeak Properties by 25.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock worth $2,213,000 after acquiring an additional 22,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Healthpeak Properties by 16.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock worth $2,217,000 after acquiring an additional 15,753 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Healthpeak Properties in the 3rd quarter worth approximately $3,224,000. Institutional investors own 93.57% of the company's stock.

Insider Transactions at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 2,750 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the acquisition, the chief executive officer now directly owns 204,613 shares of the company's stock, valued at $3,558,220.07. The trade was a 1.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Thomas acquired 4,200 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price 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 of the company's stock, valued at $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 23,987 shares of company stock worth $422,141. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Scotiabank decreased their price target on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Evercore ISI cut their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Wedbush cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.45.

Healthpeak Properties Price Performance

Shares of DOC stock traded down $0.01 on Monday, reaching $17.72. The company's stock had a trading volume of 5,908,670 shares, compared to its average volume of 5,009,337. The stock's fifty day simple moving average is $18.73 and its 200-day simple moving average is $20.01. 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. The company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 50.63, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

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 analysts' consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.1017 per share. This represents a yield of 7.05%. The ex-dividend date of this dividend is Monday, May 19th. Healthpeak Properties's payout ratio is 305.00%.

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.