Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in Healthpeak Properties, Inc. (NYSE:DOC) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 582,490 shares of the real estate investment trust’s stock after selling 37,461 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Healthpeak Properties worth $11,778,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Healthpeak Properties in the fourth quarter valued at approximately $1,086,000. Smartleaf Asset Management LLC lifted its holdings in Healthpeak Properties by 34.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 7,385 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 1,904 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Healthpeak Properties by 50.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 6,237 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,087 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Healthpeak Properties by 21.5% during the 4th quarter. Jones Financial Companies Lllp now owns 11,963 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 2,118 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Healthpeak Properties by 22.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,450 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 998 shares during the period. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

DOC stock opened at $18.25 on Friday. The firm has a 50 day moving average of $17.41 and a two-hundred day moving average of $19.05. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 2.09 and a beta of 1.03. 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 (NYSE:DOC) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 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 firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties’s dividend payout ratio is 305.00%.

Wall Street Analysts Forecast Growth

DOC has been the subject of several recent analyst reports. Wedbush reduced their target price 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. Evercore ISI lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Healthpeak Properties from a “sell” rating to a “hold” rating in a report on Sunday, June 29th. Finally, Robert W. Baird dropped their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Three 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.27.

Insider Activity

In other news, CEO Scott M. Brinker bought 2,750 shares of the business’s stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the acquisition, the chief executive officer owned 204,613 shares in the company, valued at approximately $3,558,220.07. This trade represents a 1.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director directly owned 144,290 shares in the company, 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. Over the last ninety days, insiders acquired 29,764 shares of company stock worth $521,909. 0.23% of the stock is owned by corporate insiders.

Healthpeak Properties 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.