Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by Prudential PLC

Key Points

• Prudential PLC sold 25,241 shares of Healthpeak Properties, reducing its stake by 37.8%, leaving it with 41,455 shares, valued at $838,000 as of the latest filing.
• Healthpeak Properties recently declared a dividend of $0.1017 per share, which represents a yield of 705.0%, with the ex-dividend date set for August 18th.
• The company reported $0.46 earnings per share for the most recent quarter, matching analysts' estimates, but noted a slight decrease in revenue compared to the previous year.

Prudential PLC lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 37.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 41,455 shares of the real estate investment trust's stock after selling 25,241 shares during the period. Prudential PLC's holdings in Healthpeak Properties were worth $838,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. lifted its stake in Healthpeak Properties by 8.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 427,715 shares of the real estate investment trust's stock worth $8,639,000 after purchasing an additional 33,254 shares in the last quarter. HighTower Advisors LLC lifted its stake in Healthpeak Properties by 9.3% during the first quarter. HighTower Advisors LLC now owns 192,143 shares of the real estate investment trust's stock worth $3,885,000 after purchasing an additional 16,277 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Healthpeak Properties by 3.1% during the first quarter. Public Sector Pension Investment Board now owns 187,096 shares of the real estate investment trust's stock worth $3,783,000 after purchasing an additional 5,599 shares in the last quarter. Nuveen LLC acquired a new position in Healthpeak Properties during the first quarter worth $124,113,000. Finally, Invesco Ltd. lifted its stake in Healthpeak Properties by 20.7% during the first quarter. Invesco Ltd. now owns 23,111,320 shares of the real estate investment trust's stock worth $467,311,000 after purchasing an additional 3,967,830 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Healthpeak Properties Price Performance

Shares of DOC opened at $17.32 on Friday. Healthpeak Properties, Inc. has a 1-year low of $16.63 and a 1-year high of $23.26. The stock has a market cap of $12.04 billion, a PE ratio of 72.17, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. 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 firm has a fifty day moving average price of $17.64 and a 200 day moving average price of $18.49.

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. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The firm had revenue of $694.35 million during the quarter, compared to analysts' expectations of $697.14 million. During the same period in the previous year, the company earned $0.45 earnings per share. Healthpeak Properties's quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side 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 dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.1017 per share. This represents a dividend yield of 705.0%. The ex-dividend date is Monday, August 18th. Healthpeak Properties's payout ratio is 508.33%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DOC. Evercore ISI decreased their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wedbush decreased their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a research report 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 report on Monday, June 2nd. Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Scotiabank cut shares of Healthpeak Properties from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $21.00 to $19.00 in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 2,930 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $17.06 per share, with a total value of $49,985.80. Following the completion of the acquisition, the chief executive officer owned 210,416 shares in the company, valued at approximately $3,589,696.96. This represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tommy G. Thompson purchased 5,777 shares of Healthpeak Properties stock in a transaction on Wednesday, May 28th. The stock was acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the acquisition, the director directly owned 144,290 shares of the company's stock, valued at approximately $2,491,888.30. This represents a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,560 shares of company stock worth $249,898. 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.

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