Cetera Investment Advisers Grows Position in Healthpeak Properties, Inc. (NYSE:DOC)

Cetera Investment Advisers raised its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 98.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,298 shares of the real estate investment trust’s stock after purchasing an additional 102,724 shares during the quarter. Cetera Investment Advisers’ holdings in Healthpeak Properties were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Mizuho Bank Ltd. bought a new position in Healthpeak Properties in the 4th quarter valued at $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the 4th quarter valued at $30,000. Covestor Ltd grew its stake in Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the period. AdvisorNet Financial Inc grew its stake in Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 563 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Healthpeak Properties in the 4th quarter valued at $45,000. Institutional investors own 93.57% of the company’s stock.

Insiders Place Their Bets

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,750 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer now directly owns 204,613 shares in the company, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tommy G. Thompson purchased 5,700 shares of the stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the acquisition, the director now owns 138,513 shares in the company, valued at approximately $2,404,585.68. This represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 23,987 shares of company stock worth $422,141 in the last quarter. 0.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 15th. Robert W. Baird reduced their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Argus reiterated a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Finally, Evercore ISI cut their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.25.

Healthpeak Properties Stock Down 1.5%

Shares of NYSE DOC opened at $16.99 on Thursday. Healthpeak Properties, Inc. has a 52 week low of $16.90 and a 52 week high of $23.26. The business has a 50-day simple moving average of $18.97 and a two-hundred day simple moving average of $20.17. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $11.80 billion, a P/E ratio of 48.54, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were paid a $0.1017 dividend. The ex-dividend date was Thursday, April 17th. This represents a yield of 6.5%. Healthpeak Properties’s dividend payout ratio is currently 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.