Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,882 shares of the real estate investment trust's stock after selling 60,047 shares during the quarter. Handelsbanken Fonder AB owned about 0.09% of Healthpeak Properties worth $12,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DOC. Principal Financial Group Inc. raised its holdings in Healthpeak Properties by 2,113.5% in the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after purchasing an additional 17,314,572 shares during the period. Norges Bank acquired a new stake in Healthpeak Properties during the fourth quarter worth about $166,804,000. Resolution Capital Ltd purchased a new position in Healthpeak Properties during the fourth quarter worth about $122,795,000. Long Pond Capital LP acquired a new position in Healthpeak Properties in the 4th quarter valued at about $86,885,000. Finally, Northern Trust Corp boosted its holdings in Healthpeak Properties by 32.6% in the 4th 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. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Trading Down 0.7%

Healthpeak Properties stock traded down $0.13 during trading hours on Friday, reaching $17.38. 4,888,301 shares of the company's stock were exchanged, compared to its average volume of 5,167,962. The firm's 50 day simple moving average is $17.74 and its 200 day simple moving average is $19.47. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26. The firm has a market capitalization of $12.07 billion, a PE ratio of 49.64, a PEG ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties (NYSE:DOC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. Research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were given a $0.1017 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties's payout ratio is presently 305.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered their target price on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Wedbush cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Robert W. Baird lowered their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, Scotiabank reduced their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. One 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.27.

Insiders Place Their Bets

In related news, Director John T. Thomas acquired 4,200 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tommy G. Thompson bought 5,777 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the transaction, the director now directly owns 144,290 shares in the company, valued at approximately $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 29,764 shares of company stock worth $521,909. Company insiders own 0.23% of the company's stock.

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.