Healthpeak Properties, Inc. (NYSE:DOC) Stock Position Decreased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 31.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,300 shares of the real estate investment trust's stock after selling 54,000 shares during the period. Canada Pension Plan Investment Board's holdings in Healthpeak Properties were worth $2,337,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DOC. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties in the fourth quarter worth about $28,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Healthpeak Properties in the fourth quarter valued at $30,000. Covestor Ltd grew its holdings in Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,152 shares in the last quarter. AdvisorNet Financial Inc increased its stake in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after buying an additional 563 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Healthpeak Properties in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Stock Performance

DOC stock traded down $0.25 on Tuesday, reaching $17.51. The company's stock had a trading volume of 1,785,917 shares, compared to its average volume of 4,899,873. Healthpeak Properties, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $12.25 billion, a P/E ratio of 50.27, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02. The firm has a fifty day moving average of $19.53 and a two-hundred day moving average of $20.53.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Insider Activity

In other news, Director John T. Thomas acquired 4,200 shares of the company's stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now owns 813,566 shares of the company's stock, valued at approximately $14,514,017.44. This 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 dated Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the acquisition, the chief executive officer now owns 201,863 shares of the company's stock, valued at approximately $3,568,937.84. This trade represents a 5.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Robert W. Baird 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 Tuesday. Wedbush reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Scotiabank lowered their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Finally, Evercore ISI reduced 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.27.

Healthpeak Properties Company 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.