Keybank National Association OH Grows Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Keybank National Association OH grew its position in Healthpeak Properties, Inc. (NYSE:DOC) by 19.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,112,499 shares of the real estate investment trust’s stock after acquiring an additional 178,009 shares during the period. Keybank National Association OH’s holdings in Healthpeak Properties were worth $22,495,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DOC. DAVENPORT & Co LLC increased its stake in shares of Healthpeak Properties by 10.8% in the 1st quarter. DAVENPORT & Co LLC now owns 549,541 shares of the real estate investment trust’s stock valued at $11,112,000 after purchasing an additional 53,498 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Healthpeak Properties by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 239,118 shares of the real estate investment trust’s stock valued at $4,835,000 after buying an additional 5,351 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in shares of Healthpeak Properties by 7.9% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 364,478 shares of the real estate investment trust’s stock valued at $7,370,000 after buying an additional 26,595 shares in the last quarter. Amalgamated Bank raised its stake in shares of Healthpeak Properties by 2.2% during the 1st quarter. Amalgamated Bank now owns 136,884 shares of the real estate investment trust’s stock worth $2,768,000 after buying an additional 3,001 shares during the period. Finally, Naviter Wealth LLC lifted its position in shares of Healthpeak Properties by 4.0% during the 1st quarter. Naviter Wealth LLC now owns 39,601 shares of the real estate investment trust’s stock valued at $800,000 after buying an additional 1,540 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John T. Thomas acquired 4,200 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the transaction, the director owned 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the purchase, the director directly owned 144,290 shares of the company’s stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 29,764 shares of company stock valued at $521,909 in the last three months. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties Stock Up 2.3%

DOC stock opened at $18.30 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $17.43 and a two-hundred day moving average of $19.06. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 2.04 and a beta of 1.03.

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, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same period in the prior year, the business earned $0.45 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were issued a $0.1017 dividend. This represents a yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties’s payout ratio is currently 305.00%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, June 2nd. Wedbush cut their target price 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, April 28th. Scotiabank reduced their price target on shares of 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. Robert W. Baird lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.27.

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.