Healthpeak Properties, Inc. (NYSE:DOC) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. lifted its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,355 shares of the real estate investment trust’s stock after acquiring an additional 1,615 shares during the quarter. Brown Advisory Inc.’s holdings in Healthpeak Properties were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in Healthpeak Properties in the 1st quarter valued at about $537,000. TD Private Client Wealth LLC boosted its position in Healthpeak Properties by 67.4% in the 1st quarter. TD Private Client Wealth LLC now owns 17,454 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 7,029 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Healthpeak Properties by 28.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,054,608 shares of the real estate investment trust’s stock valued at $61,764,000 after buying an additional 669,153 shares during the last quarter. Penserra Capital Management LLC boosted its position in Healthpeak Properties by 16.5% in the 1st quarter. Penserra Capital Management LLC now owns 67,999 shares of the real estate investment trust’s stock valued at $1,374,000 after buying an additional 9,629 shares during the last quarter. Finally, Meridian Investment Counsel Inc. boosted its position in Healthpeak Properties by 8.1% in the 1st quarter. Meridian Investment Counsel Inc. now owns 122,109 shares of the real estate investment trust’s stock valued at $2,469,000 after buying an additional 9,198 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

DOC opened at $18.53 on Tuesday. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 46.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The company’s 50-day moving average price is $17.47 and its 200 day moving average price is $18.95. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share 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 net margin of 9.99% and a return on equity of 3.06%. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.1017 dividend. This represents a $1.22 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, September 19th. Healthpeak Properties’s dividend payout ratio (DPR) is 305.00%.

Analyst Ratings Changes

DOC has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company decreased their price objective on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Scotiabank cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Robert W. Baird cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. Finally, Wedbush cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.27.

Insiders Place Their Bets

In related news, Director Tommy G. Thompson acquired 5,777 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director directly owned 144,290 shares of the company’s stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott M. Brinker acquired 11,337 shares of the firm’s stock in a transaction dated 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 directly owned 201,863 shares of the company’s stock, valued at approximately $3,568,937.84. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 29,764 shares of company stock worth $521,909. 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.