Healthpeak Properties, Inc. (NYSE:DOC) Director Tommy G. Thompson Acquires 5,700 Shares of Stock

Healthpeak Properties, Inc. (NYSE:DOC) Director Tommy G. Thompson bought 5,700 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the transaction, the director now directly owns 138,513 shares in the company, valued at approximately $2,404,585.68. This represents a 4.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Healthpeak Properties Trading Up 0.4%

NYSE DOC opened at $17.53 on Tuesday. Healthpeak Properties, Inc. has a one year low of $17.21 and a one year high of $23.26. The firm has a market cap of $12.18 billion, a PE ratio of 50.09, a P/E/G ratio of 2.17 and a beta of 1.05. The firm’s fifty day moving average is $19.02 and its two-hundred day moving average is $20.19. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

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, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed 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%.

Institutional Trading of Healthpeak Properties

Hedge funds have recently made changes to their positions in the company. TCTC Holdings LLC raised its holdings in Healthpeak Properties by 124.3% during the first quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 751 shares in the last quarter. Mizuho Bank Ltd. acquired a new position in Healthpeak Properties during the 4th quarter worth approximately $28,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Healthpeak Properties during the 4th quarter worth approximately $30,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Healthpeak Properties in the 1st quarter valued at approximately $30,000. Finally, S.A. Mason LLC boosted its stake in shares of Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wedbush lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Argus restated a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Scotiabank decreased their price objective 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. Finally, Morgan Stanley raised Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.25.

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.