Allianz Asset Management GmbH lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,082 shares of the real estate investment trust's stock after selling 551,726 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of Healthpeak Properties worth $21,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Healthpeak Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after purchasing an additional 638,012 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock valued at $350,021,000 after purchasing an additional 1,651,235 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock valued at $227,339,000 after purchasing an additional 398,770 shares during the last quarter. Northern Trust Corp lifted its position in Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock valued at $213,367,000 after purchasing an additional 2,590,530 shares during the last quarter. Finally, Norges Bank bought a new stake in Healthpeak Properties in the fourth quarter valued at approximately $166,804,000. Hedge funds and other institutional investors own 93.57% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Robert W. Baird decreased their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wedbush decreased their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Argus restated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Evercore ISI decreased their target price on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.27.
Read Our Latest Report on Healthpeak Properties
Healthpeak Properties Price Performance
DOC traded down $0.18 on Monday, hitting $17.43. 2,161,025 shares of the company's stock traded hands, compared to its average volume of 5,756,796. The company's 50 day simple moving average is $17.69 and its 200-day simple moving average is $18.83. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 72.73, a P/E/G ratio of 2.02 and a beta of 1.03. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The company has a current ratio of 1.28, a quick ratio of 1.35 and a debt-to-equity ratio of 1.06.
Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. As a group, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.
Healthpeak Properties Announces Dividend
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 7.00%. The ex-dividend date is Friday, September 19th. Healthpeak Properties's dividend payout ratio is presently 508.33%.
Insider Buying and Selling
In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the acquisition, the director directly owned 144,290 shares in the company, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott M. Brinker acquired 2,750 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer owned 204,613 shares in the company, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,227 shares of company stock valued at $246,543. Company insiders own 0.23% of the company's stock.
Healthpeak Properties Company Profile
(
Free Report)
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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