Oppenheimer Asset Management Inc. Boosts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Oppenheimer Asset Management Inc. raised its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 58.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,015,174 shares of the real estate investment trust’s stock after purchasing an additional 375,747 shares during the period. Oppenheimer Asset Management Inc. owned 0.15% of Healthpeak Properties worth $20,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Bank Ltd. purchased a new position in Healthpeak Properties in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd purchased a new position in Healthpeak Properties in the fourth quarter valued at about $30,000. Future Financial Wealth Managment LLC purchased a new position in Healthpeak Properties in the first quarter valued at about $30,000. Covestor Ltd grew its stake in Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Beacon Capital Management LLC grew its stake in Healthpeak Properties by 138.3% in the first quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,054 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, CEO Scott M. Brinker bought 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $17.39 per share, with a total value of $47,822.50. Following the completion of the acquisition, the chief executive officer now directly owns 204,613 shares of the company’s stock, valued at $3,558,220.07. This trade represents a 1.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tommy G. Thompson purchased 5,777 shares of the firm’s stock in a transaction on Wednesday, May 28th. The stock was bought 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 now directly owns 144,290 shares of the company’s stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders bought 29,764 shares of company stock valued at $521,909 over the last quarter. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Argus reiterated a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird 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 Tuesday, April 29th. Scotiabank lowered their price target on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a report on Monday, May 12th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.27.

Healthpeak Properties Trading Up 0.3%

Healthpeak Properties stock opened at $17.11 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 42.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.05. The stock has a 50-day moving average price of $17.60 and a 200 day moving average price of $19.24.

Healthpeak Properties (NYSE:DOC) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

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.