Wealthedge Investment Advisors LLC Makes New Investment in Healthpeak Properties, Inc. (NYSE:DOC)

Wealthedge Investment Advisors LLC bought a new position in Healthpeak Properties, Inc. (NYSE:DOC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,609 shares of the real estate investment trust’s stock, valued at approximately $479,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Comprehensive Money Management Services LLC purchased a new stake in Healthpeak Properties in the fourth quarter worth approximately $313,000. Menard Financial Group LLC lifted its position in Healthpeak Properties by 11.8% in the fourth quarter. Menard Financial Group LLC now owns 16,663 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 1,765 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Healthpeak Properties in the fourth quarter valued at approximately $30,153,000. Employees Retirement System of Texas lifted its position in Healthpeak Properties by 20.9% in the fourth quarter. Employees Retirement System of Texas now owns 376,712 shares of the real estate investment trust’s stock valued at $7,636,000 after purchasing an additional 65,000 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Healthpeak Properties by 229.5% in the fourth quarter. Mackenzie Financial Corp now owns 85,461 shares of the real estate investment trust’s stock valued at $1,732,000 after purchasing an additional 59,524 shares during the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC stock opened at $17.36 on Wednesday. The stock has a fifty day moving average of $18.33 and a 200 day moving average of $19.80. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 49.60, a PEG ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties (NYSE:DOC) last announced its quarterly 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 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. This represents a yield of 7.05%. The ex-dividend date of this dividend is Monday, May 19th. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Evercore ISI lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Argus reiterated a “buy” rating and issued a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Healthpeak Properties presently has an average rating of “Moderate Buy” and an average target price of $23.45.

Insider Buying and Selling at Healthpeak Properties

In other news, Director Tommy G. Thompson acquired 5,700 shares of the stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $17.36 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker acquired 11,337 shares of the stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.68 per share, with a total value of $200,438.16. Following the transaction, the chief executive officer now directly owns 201,863 shares of the company’s stock, valued at approximately $3,568,937.84. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 23,987 shares of company stock valued at $422,141. 0.23% of the stock is currently owned by company insiders.

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.