Blair William & Co. IL Reduces Position in Healthpeak Properties, Inc. (NYSE:DOC)

Blair William & Co. IL trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 12.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 15,764 shares of the real estate investment trust’s stock after selling 2,152 shares during the period. Blair William & Co. IL’s holdings in Healthpeak Properties were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOC. TCTC Holdings LLC lifted its holdings in shares of Healthpeak Properties by 124.3% in the first 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 in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Healthpeak Properties in the first quarter worth about $30,000. S.A. Mason LLC lifted its holdings in shares of Healthpeak Properties by 160.9% in the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% in the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,152 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in shares of Healthpeak Properties by 138.3% in the first quarter. Beacon Capital Management LLC now owns 1,816 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,054 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Trading Down 1.0%

Shares of DOC opened at $16.79 on Tuesday. The firm’s 50 day simple moving average is $17.64 and its 200 day simple moving average is $18.56. The company has a market capitalization of $11.66 billion, a P/E ratio of 69.94, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a 1-year low of $16.64 and a 1-year high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Sell-side analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 7.3%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 508.33%.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average price of $17.27 per share, with a total value of $99,768.79. Following the acquisition, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott M. Brinker bought 2,930 shares of Healthpeak Properties stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $17.06 per share, for a total transaction of $49,985.80. Following the acquisition, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 14,560 shares of company stock worth $249,898. 0.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOC. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company lowered 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 report on Monday, June 2nd. 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 report on Monday, April 28th. Wall Street Zen downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 7th. Finally, Argus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.00.

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.