Bank of Nova Scotia Cuts Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Bank of Nova Scotia decreased its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,026 shares of the real estate investment trust's stock after selling 20,309 shares during the period. Bank of Nova Scotia's holdings in Healthpeak Properties were worth $1,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Healthpeak Properties by 4.2% during the first quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 561 shares in the last quarter. Applied Finance Capital Management LLC boosted its position in Healthpeak Properties by 3.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust's stock valued at $357,000 after buying an additional 577 shares during the period. Townsquare Capital LLC grew its stake in shares of Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after acquiring an additional 584 shares in the last quarter. AssuredPartners Investment Advisors LLC increased its position in shares of Healthpeak Properties by 3.1% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after acquiring an additional 666 shares during the period. Finally, TCTC Holdings LLC raised its stake 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 valued at $27,000 after acquiring an additional 751 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Up 0.6%

Shares of NYSE:DOC opened at $16.95 on Friday. The firm has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $18.64. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $11.78 billion, a PE ratio of 70.61, a P/E/G ratio of 2.15 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. The firm had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. Healthpeak Properties's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. On average, equities analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a dividend of $0.1017 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio (DPR) is currently 508.33%.

Wall Street Analyst Weigh In

DOC has been the subject of several analyst reports. Wall Street Zen cut Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Monday, July 7th. Evercore ISI cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company decreased their price target on shares of Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 2nd. Argus reiterated a "buy" rating and set a $25.00 price target on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Robert W. Baird set a $21.00 price objective on shares of Healthpeak Properties and gave the company an "outperform" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Insider Buying and Selling

In other Healthpeak Properties news, Director Tommy G. Thompson bought 5,777 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott M. Brinker purchased 2,930 shares of Healthpeak Properties stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $17.06 per share, with a total value of $49,985.80. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,560 shares of company stock worth $249,898 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.

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