Healthpeak Properties, Inc. (NYSE:DOC) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Healthpeak Properties, Inc. (NYSE:DOC) by 28.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,054,608 shares of the real estate investment trust’s stock after acquiring an additional 669,153 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Healthpeak Properties were worth $61,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DOC. Parallel Advisors LLC raised its position in Healthpeak Properties by 4.2% in the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 561 shares during the last quarter. Townsquare Capital LLC increased its stake in Healthpeak Properties by 5.9% in 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. Huntington National Bank raised its holdings 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 last quarter. AssuredPartners Investment Advisors LLC raised its holdings in shares of Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust’s stock valued at $447,000 after buying an additional 666 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Healthpeak Properties by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 700 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John T. Thomas bought 4,200 shares of the stock in a transaction on Monday, April 28th. The shares were bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director owned 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $17.39 per share, with a total value of $47,822.50. Following the purchase, the chief executive officer directly owned 204,613 shares in the company, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 29,764 shares of company stock worth $521,909. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DOC has been the topic of several recent research reports. Wedbush dropped their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Argus restated a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Evercore ISI dropped their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.27.

Healthpeak Properties Stock Down 0.5%

Shares of NYSE DOC opened at $18.44 on Friday. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 46.10, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. The firm has a 50-day moving average price of $17.47 and a 200 day moving average price of $18.97. 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 issued its 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 net margin of 9.99% and a return on equity of 3.06%. The company had revenue of $702.89 million during the quarter, compared to analysts’ expectations of $690.76 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a dividend of $0.1017 per share. The ex-dividend date is Friday, September 19th. This represents a $1.22 annualized dividend and a yield of 6.62%. Healthpeak Properties’s dividend payout ratio is presently 305.00%.

About Healthpeak Properties

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.