USS Investment Management Ltd Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

USS Investment Management Ltd lowered its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 177,557 shares of the real estate investment trust's stock after selling 88,985 shares during the period. USS Investment Management Ltd's holdings in Healthpeak Properties were worth $3,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Healthpeak Properties by 3.6% in the 4th 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 acquiring an additional 638,012 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of 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 valued at $367,575,000 after purchasing an additional 17,314,572 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Healthpeak Properties by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after acquiring an additional 1,651,235 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of Healthpeak Properties by 3.7% in the 4th 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 buying an additional 398,770 shares during the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Evercore ISI cut their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Robert W. Baird dropped 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. Wall Street Zen downgraded Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Argus reissued a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Wedbush dropped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.45.

Healthpeak Properties Price Performance

Shares of NYSE DOC traded down $0.05 during mid-day trading on Thursday, reaching $17.37. The company had a trading volume of 2,170,239 shares, compared to its average volume of 5,104,328. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50-day simple moving average is $18.28 and its 200 day simple moving average is $19.79. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.17 and a beta of 1.05.

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, meeting analysts' consensus estimates 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 quarter in the previous year, the business posted $0.45 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

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

Insider Buying and Selling

In related news, Director Tommy G. Thompson purchased 5,777 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was acquired at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the completion of the acquisition, the director now owns 144,290 shares of the company's stock, valued at $2,491,888.30. This represents a 4.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Thomas acquired 4,200 shares of Healthpeak Properties stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 29,764 shares of company stock valued at $521,909 over the last ninety days. 0.23% of the stock is owned by company insiders.

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.