Bank of New York Mellon Corp Lowers Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Bank of New York Mellon Corp cut its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,296,398 shares of the real estate investment trust's stock after selling 214,769 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.90% of Healthpeak Properties worth $127,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Healthpeak Properties in the first quarter valued at about $71,000. Lightrock Netherlands B.V. boosted its stake in Healthpeak Properties by 42.7% in the first quarter. Lightrock Netherlands B.V. now owns 398,471 shares of the real estate investment trust's stock valued at $8,071,000 after acquiring an additional 119,188 shares during the last quarter. Brookstone Capital Management boosted its stake in Healthpeak Properties by 9.7% in the first quarter. Brookstone Capital Management now owns 539,713 shares of the real estate investment trust's stock valued at $10,913,000 after acquiring an additional 47,882 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Healthpeak Properties by 3.4% in the first quarter. IFM Investors Pty Ltd now owns 321,041 shares of the real estate investment trust's stock valued at $6,491,000 after acquiring an additional 10,413 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in Healthpeak Properties by 1.1% in the first quarter. Calamos Advisors LLC now owns 511,755 shares of the real estate investment trust's stock valued at $10,348,000 after acquiring an additional 5,700 shares during the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

Shares of DOC stock traded up $0.06 during trading hours on Wednesday, reaching $18.27. The company had a trading volume of 5,034,364 shares, compared to its average volume of 5,337,673. The business has a fifty day moving average price of $17.44 and a 200-day moving average price of $19.00. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The firm has a market cap of $12.69 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data 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. Healthpeak Properties had a net margin of 9.99% and a return on equity of 3.06%. The company had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. During the same quarter last year, the firm posted $0.45 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a yield of 6.68%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Insider Buying and Selling at Healthpeak Properties

In other news, Director Tommy G. Thompson purchased 5,777 shares of the stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director directly owned 144,290 shares of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the acquisition, the chief executive officer directly owned 201,863 shares of the company's stock, 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 have bought 29,764 shares of company stock valued at $521,909 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. 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 research report on Monday, June 2nd. Robert W. Baird decreased their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday. Finally, Argus reaffirmed a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and a consensus target price of $23.27.

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.