Public Employees Retirement System of Ohio Sells 31,522 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Public Employees Retirement System of Ohio lowered its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,246,377 shares of the real estate investment trust's stock after selling 31,522 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.18% of Healthpeak Properties worth $25,264,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after buying an additional 4,056,931 shares during the last quarter. Vert Asset Management LLC increased its stake in Healthpeak Properties by 11.1% in the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock valued at $6,167,000 after acquiring an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after acquiring an additional 22,300 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock valued at $2,217,000 after acquiring an additional 15,753 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Healthpeak Properties by 22.4% in the fourth quarter. Sterling Capital Management LLC now owns 80,157 shares of the real estate investment trust's stock valued at $1,625,000 after acquiring an additional 14,689 shares during the period. Institutional investors and hedge funds own 93.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wedbush decreased their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Scotiabank cut 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. Wall Street Zen lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Finally, Evercore ISI dropped their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.45.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of the company's stock in a transaction 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 purchase, the director now directly owns 144,290 shares of the company's stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott M. Brinker bought 11,337 shares of the company's stock in a transaction dated Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the transaction, the chief executive officer now directly owns 201,863 shares in the company, valued at approximately $3,568,937.84. This represents a 5.95% increase in their position. 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 in the last three months. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Stock Performance

DOC traded down $0.05 on Thursday, reaching $17.37. The company had a trading volume of 3,015,456 shares, compared to its average volume of 5,106,641. The stock has a market cap of $12.06 billion, a P/E ratio of 49.62, a P/E/G ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $23.26. The company's fifty day moving average is $18.28 and its 200 day moving average is $19.79.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released 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. The firm had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The business's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. As a group, 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 declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties's dividend payout ratio is currently 305.00%.

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.