Pinebridge Investments L.P. Purchases 23,848 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Pinebridge Investments L.P. boosted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,428 shares of the real estate investment trust's stock after buying an additional 23,848 shares during the period. Pinebridge Investments L.P.'s holdings in Healthpeak Properties were worth $6,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth approximately $28,000. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties in the 4th quarter valued at approximately $30,000. Covestor Ltd lifted its position in Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc boosted 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 valued at $44,000 after buying an additional 563 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of Healthpeak Properties during the 4th quarter valued at $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DOC shares. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Morgan Stanley upgraded Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. Evercore ISI reduced their target price 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. Robert W. Baird cut 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 Tuesday. Finally, Wedbush reduced their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus price target of $23.42.

Insider Activity

In other Healthpeak Properties news, Director John T. Thomas bought 4,200 shares of the company's stock in a transaction on Monday, April 28th. The stock was bought at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. The trade was a 0.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.68 per share, with a total value of $200,438.16. Following the completion of the purchase, the chief executive officer now owns 201,863 shares of the company's stock, valued at $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. Insiders own 0.23% of the company's stock.

Healthpeak Properties Price Performance

NYSE:DOC traded up $0.05 on Wednesday, reaching $17.81. The stock had a trading volume of 1,981,611 shares, compared to its average volume of 4,906,497. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.46 billion, a P/E ratio of 50.89, 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. The stock has a fifty day moving average price of $19.49 and a 200-day moving average price of $20.51.

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, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 6.5%. Healthpeak Properties's payout ratio is 305.00%.

Healthpeak Properties Company 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.