Healthpeak Properties, Inc. (NYSE:DOC) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 13.6% during the first quarter, HoldingsChannel.com reports. The firm owned 125,507 shares of the real estate investment trust’s stock after acquiring an additional 15,009 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Healthpeak Properties were worth $2,534,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Illinois Municipal Retirement Fund increased its holdings in shares of Healthpeak Properties by 131.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 514,791 shares of the real estate investment trust’s stock worth $10,409,000 after buying an additional 292,630 shares during the last quarter. MFG Wealth Management Inc. grew its position in Healthpeak Properties by 1.2% during the first quarter. MFG Wealth Management Inc. now owns 125,119 shares of the real estate investment trust’s stock valued at $2,530,000 after acquiring an additional 1,496 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Healthpeak Properties by 9.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 698,940 shares of the real estate investment trust’s stock valued at $14,133,000 after acquiring an additional 57,985 shares during the period. Sequoia Financial Advisors LLC increased its stake in Healthpeak Properties by 11.3% during the first quarter. Sequoia Financial Advisors LLC now owns 89,158 shares of the real estate investment trust’s stock worth $1,803,000 after acquiring an additional 9,019 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in shares of Healthpeak Properties by 160.9% in the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares during the period. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank reduced their price objective on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company reduced their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a research note on Sunday. Argus reissued a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Finally, Wedbush decreased 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 report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.27.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $18.30 on Thursday. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 45.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The firm’s fifty day moving average price is $17.43 and its 200 day moving average price is $19.06.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. On average, research 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 Friday, May 30th. Shareholders of record on Tuesday, May 20th were given a $0.1017 dividend. This represents a dividend yield of 7.05%. The ex-dividend date of this dividend was Monday, May 19th. Healthpeak Properties’s payout ratio is 305.00%.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker acquired 2,750 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, with a total value of $47,822.50. Following the completion of the acquisition, the chief executive officer directly owned 204,613 shares in the company, valued at $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Thomas acquired 4,200 shares of the business’s stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the purchase, the director directly owned 813,566 shares of the company’s stock, valued at $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 29,764 shares of company stock valued at $521,909 over the last ninety days. Corporate insiders own 0.23% 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.