MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 4,920 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,951 shares of the real estate investment trust’s stock after purchasing an additional 4,920 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Healthpeak Properties were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in 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 valued at $493,115,000 after buying an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Healthpeak Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock valued at $371,168,000 after purchasing an additional 638,012 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Healthpeak Properties by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock worth $350,021,000 after purchasing an additional 1,651,235 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Healthpeak Properties by 3.7% during the 4th quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock worth $227,339,000 after purchasing an additional 398,770 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Scott M. Brinker bought 2,750 shares of Healthpeak Properties stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the acquisition, the chief executive officer now owns 204,613 shares in the company, valued at approximately $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Thomas bought 4,200 shares of the firm’s stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the transaction, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 23,987 shares of company stock valued at $422,141. Company insiders own 0.23% of the company’s stock.

Healthpeak Properties Trading Up 0.2%

Shares of DOC opened at $16.86 on Monday. The stock’s fifty day simple moving average is $18.46 and its 200-day simple moving average is $19.86. The firm has a market capitalization of $11.71 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. As a group, research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on DOC shares. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Robert W. Baird decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Scotiabank cut their price objective on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research report on Monday, May 12th. Wedbush reduced their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Finally, Argus restated a “buy” rating and set a $25.00 target price 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 issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.45.

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.