The Manufacturers Life Insurance Company Boosts Stock Position in Healthpeak Properties, Inc. $DOC

The Manufacturers Life Insurance Company boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 702,901 shares of the real estate investment trust’s stock after buying an additional 106,910 shares during the period. The Manufacturers Life Insurance Company’s holdings in Healthpeak Properties were worth $11,549,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DOC. Advocate Investing Services LLC bought a new stake in Healthpeak Properties in the fourth quarter worth $26,000. WPG Advisers LLC increased its holdings in shares of Healthpeak Properties by 270.2% during the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,197 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Healthpeak Properties during the second quarter valued at $33,000. Clearstead Advisors LLC raised its position in shares of Healthpeak Properties by 166.3% in the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of Healthpeak Properties in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

DOC has been the topic of a number of analyst reports. Citigroup upped their price target on shares of Healthpeak Properties from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. UBS Group lifted their target price on shares of Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Raymond James Financial started coverage on shares of Healthpeak Properties in a report on Wednesday, June 17th. They issued a “market perform” rating for the company. Scotiabank upped their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Healthpeak Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties has a consensus rating of “Hold” and an average price target of $20.62.

Insider Activity

In other news, insider Scott R. Bohn sold 10,989 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the sale, the insider owned 7,636 shares of the company’s stock, valued at $148,520.20. This trade represents a 59.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

Healthpeak Properties Stock Down 0.7%

DOC stock opened at $21.68 on Tuesday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 67.77, a P/E/G ratio of 3.39 and a beta of 1.02. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.96 and a quick ratio of 2.96. Healthpeak Properties, Inc. has a 1-year low of $15.70 and a 1-year high of $22.95. The business has a fifty day moving average price of $21.05 and a 200-day moving average price of $18.70.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Healthpeak Properties had a return on equity of 2.61% and a net margin of 7.73%.The company had revenue of $752.95 million for the quarter, compared to analysts’ expectations of $694.59 million. During the same period last year, the firm posted $0.46 earnings per share. Healthpeak Properties’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.1017 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 5.6%. Healthpeak Properties’s dividend payout ratio is currently 381.25%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.

Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.