Tidal Investments LLC Cuts Position in Healthpeak Properties, Inc. (NYSE:DOC)

Tidal Investments LLC cut its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 70.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,187 shares of the real estate investment trust's stock after selling 49,159 shares during the quarter. Tidal Investments LLC's holdings in Healthpeak Properties were worth $409,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State of Wyoming raised its holdings in Healthpeak Properties by 113.6% in the fourth quarter. State of Wyoming now owns 9,153 shares of the real estate investment trust's stock worth $186,000 after purchasing an additional 4,867 shares in the last quarter. Toronto Dominion Bank raised its holdings in Healthpeak Properties by 32.3% in the fourth quarter. Toronto Dominion Bank now owns 463,115 shares of the real estate investment trust's stock worth $9,387,000 after purchasing an additional 113,182 shares in the last quarter. Systematic Financial Management LP raised its holdings in Healthpeak Properties by 3.7% in the fourth quarter. Systematic Financial Management LP now owns 1,472,448 shares of the real estate investment trust's stock worth $29,847,000 after purchasing an additional 52,061 shares in the last quarter. Royal Bank of Canada raised its holdings in Healthpeak Properties by 52.5% in the fourth quarter. Royal Bank of Canada now owns 1,080,999 shares of the real estate investment trust's stock worth $21,913,000 after purchasing an additional 372,324 shares in the last quarter. Finally, Redwood Investment Management LLC raised its holdings in Healthpeak Properties by 4.3% in the fourth quarter. Redwood Investment Management LLC now owns 91,675 shares of the real estate investment trust's stock worth $1,858,000 after purchasing an additional 3,742 shares in the last quarter. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush reduced their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wells Fargo & Company dropped their price target on Healthpeak Properties from $22.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday. Scotiabank dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Evercore ISI dropped their price target on Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Robert W. Baird dropped their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.27.

Healthpeak Properties Price Performance

NYSE DOC traded down $0.24 during mid-day trading on Tuesday, hitting $17.17. The stock had a trading volume of 6,344,597 shares, compared to its average volume of 5,135,938. The firm's 50 day moving average is $18.04 and its 200 day moving average is $19.66. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same period last year, the company earned $0.45 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast 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 dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.1017 per share. This represents a dividend yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties's dividend payout ratio is presently 305.00%.

Insider Transactions at Healthpeak Properties

In related news, CEO Scott M. Brinker acquired 11,337 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now owns 201,863 shares of the company's stock, valued at $3,568,937.84. This represents a 5.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, for a total transaction of $99,768.79. Following the transaction, the director now directly owns 144,290 shares in the company, valued at approximately $2,491,888.30. This represents a 4.17% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 29,764 shares of company stock worth $521,909. 0.23% of the stock is currently owned by company insiders.

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.