Resolution Capital Ltd Buys Shares of 6,057,961 Healthpeak Properties, Inc. (NYSE:DOC)

Resolution Capital Ltd purchased a new position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,057,961 shares of the real estate investment trust's stock, valued at approximately $122,795,000. Healthpeak Properties makes up about 2.2% of Resolution Capital Ltd's investment portfolio, making the stock its 16th biggest holding. Resolution Capital Ltd owned about 0.87% of Healthpeak Properties as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Mizuho Bank Ltd. bought a new stake in Healthpeak Properties in the 4th quarter worth about $28,000. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties in the 4th quarter worth approximately $30,000. Covestor Ltd raised its stake in Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,152 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings 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 in the 4th quarter worth $45,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DOC shares. Robert W. Baird dropped their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Argus restated a "buy" rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wedbush reduced their target price 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. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Finally, Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.45.

Healthpeak Properties Trading Down 0.7%

DOC stock traded down $0.13 during midday trading on Tuesday, hitting $17.60. 2,886,331 shares of the company's stock were exchanged, compared to its average volume of 5,376,873. 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 stock has a market capitalization of $12.22 billion, a PE ratio of 50.30, a P/E/G ratio of 2.17 and a beta of 1.05. The business has a 50-day simple moving average of $18.73 and a two-hundred day simple moving average of $20.01.

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 (EPS) for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. Healthpeak Properties's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Investors 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 is Monday, May 19th. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Insiders Place Their Bets

In other news, Director John T. Thomas bought 4,200 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the acquisition, the director now owns 813,566 shares of the company's stock, valued at $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at $3,568,937.84. This represents a 5.95% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 23,987 shares of company stock valued at $422,141. Insiders own 0.23% of the company's stock.

Healthpeak Properties 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.