Quantinno Capital Management LP Has $7.96 Million Position in Healthpeak Properties, Inc. (NYSE:DOC)

Quantinno Capital Management LP lifted its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,467 shares of the real estate investment trust’s stock after buying an additional 45,183 shares during the period. Quantinno Capital Management LP’s holdings in Healthpeak Properties were worth $7,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new stake in Healthpeak Properties during the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd bought a new stake in Healthpeak Properties during the fourth quarter worth about $30,000. Covestor Ltd raised its holdings in Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Healthpeak Properties during the fourth quarter worth about $45,000. 93.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DOC has been the topic of several analyst reports. Robert W. Baird dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Scotiabank dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a report on Monday. Evercore ISI dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Wedbush dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Argus restated 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, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.25.

Insider Transactions at Healthpeak Properties

In other news, Director Tommy G. Thompson bought 5,700 shares of the stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the purchase, the director now owns 138,513 shares in the company, valued at approximately $2,404,585.68. This trade represents a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott M. Brinker bought 11,337 shares of the stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now owns 201,863 shares of the company’s stock, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 23,987 shares of company stock worth $422,141. Company insiders own 0.23% of the company’s stock.

Healthpeak Properties Price Performance

NYSE:DOC opened at $17.30 on Friday. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. Healthpeak Properties, Inc. has a 12-month low of $16.90 and a 12-month high of $23.26. The stock’s 50 day moving average price is $18.83 and its two-hundred day moving average price is $20.11.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.1017 per share. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 305.00%.

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.