Pacer Advisors Inc. Sells 23,571 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Pacer Advisors Inc. has reduced its stake in Healthpeak Properties by 39.7%, owning 35,734 shares valued at $723,000 following the sale of 23,571 shares.
• Insider trading activity includes Director Tommy G. Thompson purchasing 5,777 shares, while CEO Scott M. Brinker acquired 2,930 shares, reflecting confidence in the company's stock.
• Analysts have mixed views on Healthpeak Properties, with three firms downgrading the stock to "hold" or "sell" and setting varying price targets, while eight analysts maintain a "buy" rating.

Pacer Advisors Inc. reduced its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 39.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,734 shares of the real estate investment trust's stock after selling 23,571 shares during the period. Pacer Advisors Inc.'s holdings in Healthpeak Properties were worth $723,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Healthpeak Properties by 4.2% during the 1st quarter. Parallel Advisors LLC now owns 13,980 shares of the real estate investment trust's stock worth $283,000 after acquiring an additional 561 shares during the last quarter. Townsquare Capital LLC grew its holdings 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 valued at $212,000 after acquiring an additional 584 shares in the last quarter. Huntington National Bank increased its position in shares of Healthpeak Properties by 3.0% during the fourth quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust's stock valued at $422,000 after acquiring an additional 613 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its position in Healthpeak Properties by 3.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 666 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in shares of Healthpeak Properties by 6.8% during the 1st quarter. AE Wealth Management LLC now owns 12,202 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 775 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,930 shares of the stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $17.06 per share, with a total value of $49,985.80. Following the completion of the purchase, the chief executive officer directly owned 210,416 shares of the company's stock, valued at approximately $3,589,696.96. This trade represents a 1.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The shares were bought at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the purchase, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 23,010 shares of company stock worth $396,673 over the last three months. Insiders own 0.23% of the company's stock.

Healthpeak Properties Price Performance

DOC stock traded up $0.11 during midday trading on Monday, reaching $16.88. The company had a trading volume of 6,480,702 shares, compared to its average volume of 5,999,149. The firm has a 50-day moving average price of $17.68 and a 200-day moving average price of $18.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $11.73 billion, a P/E ratio of 70.44, a P/E/G ratio of 2.14 and a beta of 1.05. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The business had revenue of $694.35 million for the quarter, compared to the consensus estimate of $697.14 million. During the same quarter last year, the business posted $0.45 earnings per share. The company's revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

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

Wall Street Analyst Weigh In

DOC has been the subject of a number of research reports. Robert W. Baird set a $21.00 target price on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Monday, July 7th. Wells Fargo & Company reduced their target price 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. Scotiabank lowered shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, July 29th. Finally, Wedbush decreased 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 research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Healthpeak Properties currently has an average rating of "Moderate Buy" and an average target price of $23.00.

Healthpeak Properties 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.