Insider Buying: Healthpeak Properties, Inc. (NYSE:DOC) Director Purchases $98,952.00 in Stock

Healthpeak Properties, Inc. (NYSE:DOC) Director Tommy G. Thompson bought 5,700 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $17.36 per share, with a total value of $98,952.00. Following the completion of the acquisition, the director now directly owns 138,513 shares in the company, valued at $2,404,585.68. This trade represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Healthpeak Properties Price Performance

Shares of DOC opened at $16.99 on Thursday. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.17 and a beta of 1.05. The firm’s fifty day simple moving average is $18.97 and its 200-day simple moving average is $20.17. Healthpeak Properties, Inc. has a twelve month low of $16.90 and a twelve month high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results 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 company had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Equities analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were given a dividend of $0.1017 per share. This represents a dividend yield of 6.5%. The ex-dividend date was Thursday, April 17th. Healthpeak Properties’s dividend payout ratio (DPR) is presently 305.00%.

Analyst Ratings Changes

DOC has been the topic of a number of recent research reports. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Scotiabank cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Monday. Argus reiterated a “buy” rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wedbush dropped their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Evercore ISI cut their price objective on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.25.

Institutional Investors Weigh In On Healthpeak Properties

Several institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC lifted its position in shares of Healthpeak Properties by 124.3% during the 1st quarter. TCTC Holdings LLC now owns 1,355 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 751 shares during the last quarter. Brooklyn Investment Group raised its stake in Healthpeak Properties by 198.9% during the 1st quarter. Brooklyn Investment Group now owns 1,312 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 873 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in Healthpeak Properties in the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd acquired a new position in Healthpeak Properties in the fourth quarter valued at $30,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Healthpeak Properties during the first quarter worth about $30,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

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.