Morningstar Investment Management LLC raised its stake in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 15.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 285,545 shares of the real estate investment trust’s stock after acquiring an additional 37,612 shares during the period. Morningstar Investment Management LLC’s holdings in Healthpeak Properties were worth $4,592,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC increased its holdings in shares of Healthpeak Properties by 270.2% in the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,197 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Healthpeak Properties in the fourth quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new position in shares of Healthpeak Properties in the second quarter valued at $33,000. Wiser Advisor Group LLC bought a new position in shares of Healthpeak Properties in the third quarter valued at $38,000. Finally, AlphaQuest LLC increased its holdings in shares of Healthpeak Properties by 49.2% in the third quarter. AlphaQuest LLC now owns 2,864 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 944 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.
Healthpeak Properties Trading Up 0.0%
NYSE DOC opened at $19.74 on Monday. Healthpeak Properties, Inc. has a twelve month low of $15.70 and a twelve month high of $19.91. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 61.68, a PEG ratio of 2.51 and a beta of 1.00. The firm’s 50 day moving average price is $17.49 and its two-hundred day moving average price is $17.26.
Healthpeak Properties Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 15th will be given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, June 15th. Healthpeak Properties’s payout ratio is presently 381.25%.
Insider Activity at Healthpeak Properties
In other news, insider Scott R. Bohn sold 10,989 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.45, for a total transaction of $213,736.05. Following the transaction, the insider directly owned 7,636 shares in the company, valued at $148,520.20. The trade was a 59.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
DOC has been the topic of several research reports. Robert W. Baird upped their price target on Healthpeak Properties from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Morgan Stanley upped their price target on Healthpeak Properties from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday. Scotiabank raised Healthpeak Properties to a “hold” rating in a report on Thursday, April 23rd. Citigroup upped their price target on Healthpeak Properties from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Healthpeak Properties in a research report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.08.
Check Out Our Latest Report on Healthpeak Properties
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.
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