Nuveen Asset Management LLC Raises Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Nuveen Asset Management LLC lifted its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,400,886 shares of the real estate investment trust’s stock after buying an additional 379,745 shares during the period. Nuveen Asset Management LLC’s holdings in Healthpeak Properties were worth $150,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DOC. JPMorgan Chase & Co. increased its stake in Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Vert Asset Management LLC lifted its position in Healthpeak Properties by 11.1% in the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust’s stock worth $6,167,000 after buying an additional 30,461 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust’s stock worth $2,213,000 after buying an additional 22,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Healthpeak Properties by 16.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 15,753 shares during the period. Finally, Franklin Resources Inc. bought a new position in Healthpeak Properties during the third quarter valued at $3,224,000. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DOC has been the subject of several analyst reports. Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 28th. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Argus reiterated a “buy” rating and issued a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Scotiabank dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a report on Monday. Finally, Robert W. Baird cut their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Insider Buying and Selling at Healthpeak Properties

In related news, Director Tommy G. Thompson bought 5,700 shares of the stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the transaction, the director now owns 138,513 shares of the company’s stock, valued at $2,404,585.68. This represents a 4.29% increase in their position. 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 stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the transaction, the chief executive officer now directly owns 204,613 shares of the company’s stock, 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 quarter, insiders bought 23,987 shares of company stock worth $422,141. 0.23% of the stock is owned by insiders.

Healthpeak Properties Trading Up 1.9%

DOC opened at $17.30 on Friday. The business’s 50 day moving average price is $18.83 and its 200 day moving average price is $20.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $12.02 billion, a PE ratio of 49.43, a P/E/G ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a one year low of $16.90 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $702.89 million during the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

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