First Trust Advisors LP Raises Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

First Trust Advisors LP grew its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 231.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,098 shares of the real estate investment trust’s stock after acquiring an additional 333,998 shares during the quarter. First Trust Advisors LP’s holdings in Healthpeak Properties were worth $9,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock valued at $493,115,000 after acquiring an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC increased its stake in Healthpeak Properties by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock worth $371,168,000 after acquiring an additional 638,012 shares during the last quarter. Principal Financial Group Inc. increased its stake in Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock worth $367,575,000 after acquiring an additional 17,314,572 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after buying an additional 398,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Healthpeak Properties by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,153,450 shares of the real estate investment trust’s stock valued at $205,810,000 after buying an additional 53,392 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DOC shares. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Wednesday, January 15th. Wedbush reduced their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday. Scotiabank reduced their price target on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Evercore ISI reduced their target price on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.45.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 11,337 shares of the business’s stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the transaction, the chief executive officer now directly owns 201,863 shares in the company, valued at approximately $3,568,937.84. The trade was a 5.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Thomas bought 4,200 shares of the business’s stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the transaction, the director now owns 813,566 shares in the company, valued at approximately $14,514,017.44. The trade was a 0.52 % 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

DOC stock opened at $17.77 on Tuesday. 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, Inc. has a one year low of $17.33 and a one year high of $23.26. The firm has a market capitalization of $12.43 billion, a PE ratio of 50.77, a P/E/G ratio of 2.17 and a beta of 1.02. The firm has a 50-day moving average of $19.53 and a two-hundred day moving average of $20.53.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The business 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%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

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