GKV Capital Management Co. Inc. Takes Position in Healthpeak Properties, Inc. (NYSE:DOC)

GKV Capital Management Co. Inc. purchased a new stake in Healthpeak Properties, Inc. (NYSE:DOC) during the 1st quarter, Holdings Channel reports. The firm purchased 1,805 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Several other large investors have also modified their holdings of DOC. TCTC Holdings LLC boosted its position 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 acquiring an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Healthpeak Properties during the first quarter worth approximately $30,000. S.A. Mason LLC boosted its position in Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 925 shares during the last quarter. Dagco Inc. acquired a new stake in Healthpeak Properties during the first quarter worth approximately $30,000. Finally, Covestor Ltd boosted its position 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 during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DOC has been the topic of a number of recent analyst reports. Wedbush cut their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Scotiabank downgraded shares of Healthpeak Properties from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $21.00 to $19.00 in a research note on Tuesday, July 29th. Evercore ISI cut 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 set a $21.00 price target on shares of Healthpeak Properties and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $17.15 on Thursday. The company’s fifty day simple moving average is $17.63 and its 200-day simple moving average is $18.54. Healthpeak Properties, Inc. has a 52 week low of $16.63 and a 52 week high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The company has a market cap of $11.92 billion, a PE ratio of 71.46, a P/E/G ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, equities research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

The company also recently declared 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. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, September 19th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 508.33%.

Insiders Place Their Bets

In other news, CEO Scott M. Brinker purchased 1,490 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $16.83 per share, with a total value of $25,076.70. Following the acquisition, the chief executive officer owned 211,906 shares in the company, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson purchased 5,777 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 14,560 shares of company stock valued at $249,898. Company insiders own 0.23% of the company’s stock.

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.