Focus Partners Wealth Sells 38,304 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Focus Partners Wealth lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,282 shares of the real estate investment trust's stock after selling 38,304 shares during the quarter. Focus Partners Wealth's holdings in Healthpeak Properties were worth $1,060,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Healthpeak Properties by 23.2% in the 3rd 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 during the period. Vert Asset Management LLC raised its stake in Healthpeak Properties by 11.1% during the 4th quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock worth $6,167,000 after buying an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Healthpeak Properties by 25.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock worth $2,213,000 after buying an additional 22,300 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Healthpeak Properties by 16.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock worth $2,217,000 after buying an additional 15,753 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Healthpeak Properties by 22.4% during the 4th quarter. Sterling Capital Management LLC now owns 80,157 shares of the real estate investment trust's stock worth $1,625,000 after buying an additional 14,689 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird dropped their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Evercore ISI dropped their price objective on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Wedbush dropped their price objective on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $23.45.

Healthpeak Properties Stock Up 0.2%

DOC stock traded up $0.04 during trading hours on Friday, reaching $16.86. 5,878,293 shares of the stock were exchanged, compared to its average volume of 5,071,131. The firm's 50-day moving average is $18.46 and its 200-day moving average is $19.90. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 48.17, a PEG ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. Healthpeak Properties, Inc. has a 12 month low of $16.64 and a 12 month high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its earnings results 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. The firm had revenue of $702.89 million during the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, equities research analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be issued a $0.1017 dividend. This represents a dividend yield of 7.05%. The ex-dividend date is Monday, May 19th. Healthpeak Properties's payout ratio is 305.00%.

Insider Activity

In related news, CEO Scott M. Brinker acquired 11,337 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the acquisition, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at approximately $3,568,937.84. The trade was a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Thomas acquired 4,200 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director now directly owns 813,566 shares in the company, valued at $14,514,017.44. This represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 23,987 shares of company stock worth $422,141 in the last quarter. Corporate insiders own 0.23% of the company's stock.

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.