PNC Financial Services Group Inc. increased its holdings in Healthpeak Properties, Inc. (NYSE:DOC – Free Report) by 41.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,711 shares of the real estate investment trust’s stock after acquiring an additional 40,972 shares during the period. PNC Financial Services Group Inc.’s holdings in Healthpeak Properties were worth $2,295,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. WPG Advisers LLC boosted its position in Healthpeak Properties by 270.2% in the fourth quarter. WPG Advisers LLC now owns 1,640 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,197 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Healthpeak Properties during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in shares of Healthpeak Properties during the 4th quarter worth $31,000. Clearstead Advisors LLC raised its stake in shares of Healthpeak Properties by 166.3% during the 4th quarter. Clearstead Advisors LLC now owns 1,947 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,216 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Healthpeak Properties in the 2nd quarter worth about $33,000. 93.57% of the stock is owned by hedge funds and other institutional investors.
Healthpeak Properties Trading Down 1.6%
Shares of Healthpeak Properties stock opened at $22.45 on Thursday. The stock has a market capitalization of $15.47 billion, a P/E ratio of 70.14, a P/E/G ratio of 3.54 and a beta of 1.02. Healthpeak Properties, Inc. has a 52-week low of $15.70 and a 52-week high of $22.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.96 and a current ratio of 2.96. The stock’s 50-day simple moving average is $20.92 and its 200 day simple moving average is $18.59.
Healthpeak Properties Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 14th will be paid a $0.1017 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, September 14th. Healthpeak Properties’s payout ratio is currently 381.25%.
Insider Transactions at Healthpeak Properties
In other Healthpeak Properties news, insider Scott R. Bohn sold 10,989 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $19.45, for a total transaction of $213,736.05. Following the sale, the insider owned 7,636 shares in the company, valued at $148,520.20. This represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on DOC. Evercore downgraded shares of Healthpeak Properties from an “outperform” rating to an “in-line” rating and set a $21.00 price objective for the company. in a report on Monday, May 11th. Scotiabank boosted their target price on shares of Healthpeak Properties from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. UBS Group raised their price target on shares of Healthpeak Properties from $19.00 to $21.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Citigroup lifted their price target on shares of Healthpeak Properties from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.62.
View Our Latest Research Report on Healthpeak Properties
Healthpeak Properties Profile
Healthpeak Properties, Inc is a real estate investment trust (REIT) specializing in healthcare-related real estate. Headquartered in Irvine, California, the company owns, develops and acquires a diversified portfolio of properties that cater to the evolving needs of the healthcare industry. Its investments span life science research facilities, medical office buildings and senior housing communities, positioning Healthpeak as a key provider of specialized real estate assets.
Within its life science segment, Healthpeak develops and leases laboratory and research space to biotechnology, pharmaceutical and other life science companies.
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