Lazard Asset Management LLC Boosts Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Lazard Asset Management LLC boosted its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 51.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 89,014 shares of the real estate investment trust’s stock after purchasing an additional 30,291 shares during the period. Lazard Asset Management LLC’s holdings in Healthpeak Properties were worth $1,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in shares of Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 563 shares during the last quarter. Townsquare Capital LLC grew its holdings in Healthpeak Properties by 5.9% during the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 584 shares during the period. Exchange Traded Concepts LLC increased its position in Healthpeak Properties by 10.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 598 shares during the last quarter. Huntington National Bank raised its stake in shares of Healthpeak Properties by 3.0% in the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 613 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Healthpeak Properties by 4.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 700 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker bought 2,750 shares of the company’s stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the transaction, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tommy G. Thompson purchased 5,700 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $17.36 per share, with a total value of $98,952.00. Following the purchase, 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 have acquired a total of 23,987 shares of company stock valued at $422,141 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $17.72 on Friday. Healthpeak Properties, Inc. has a 1-year low of $16.90 and a 1-year high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.31 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The firm’s 50 day simple moving average is $18.78 and its 200 day simple moving average is $20.06.

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

Healthpeak Properties Announces Dividend

The firm also recently announced 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 of this dividend is Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Scotiabank reduced their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Evercore ISI dropped their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Argus reiterated a “buy” rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and a consensus 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.