Bank of America Corp DE Decreases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Bank of America Corp DE cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,463,749 shares of the real estate investment trust's stock after selling 980,051 shares during the period. Bank of America Corp DE owned 0.78% of Healthpeak Properties worth $110,750,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after purchasing an additional 4,056,931 shares in the last quarter. Vert Asset Management LLC boosted its position in shares of Healthpeak Properties by 11.1% during the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock valued at $6,167,000 after purchasing an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Healthpeak Properties by 25.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after purchasing an additional 22,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Healthpeak Properties by 16.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock valued at $2,217,000 after purchasing an additional 15,753 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Healthpeak Properties during the third quarter valued at approximately $18,736,000. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.26 during mid-day trading on Wednesday, reaching $16.99. 6,800,707 shares of the company's stock traded hands, compared to its average volume of 4,979,084. Healthpeak Properties, Inc. has a 12 month low of $16.91 and a 12 month high of $23.26. The firm has a 50 day moving average price of $18.97 and a two-hundred day moving average price of $20.17. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $11.80 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on DOC shares. Evercore ISI dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. StockNews.com downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Scotiabank dropped their target price on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday. Robert W. Baird reduced 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 Tuesday, April 29th. Finally, Wedbush dropped their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.25.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director now owns 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the business's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. This represents a 5.95% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 23,987 shares of company stock valued at $422,141 over the last 90 days. Company insiders own 0.23% of the company's stock.

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.