Vanguard Group Inc. Sells 92,817 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Key Points

• Vanguard Group Inc. has decreased its holdings in Healthpeak Properties by 0.1%, now owning approximately 16.06% of the company valued at $2.26 billion.
• During the first quarter, various institutional investors, including Centersquare Investment Management LLC and Sfmg LLC, increased their stakes in Healthpeak Properties by considerable percentages.
• Healthpeak Properties recently declared a monthly dividend of $0.1017 per share, reflecting an annualized yield of 7.2% amidst a high dividend payout ratio of 508.33%.

Vanguard Group Inc. trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,553,558 shares of the real estate investment trust's stock after selling 92,817 shares during the quarter. Vanguard Group Inc. owned approximately 16.06% of Healthpeak Properties worth $2,255,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Healthpeak Properties by 10.6% in the fourth 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 buying an additional 1,651,235 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Healthpeak Properties by 18.5% in the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust's stock worth $268,642,000 after buying an additional 2,070,416 shares during the period. Northern Trust Corp boosted its holdings in shares of Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust's stock worth $213,367,000 after buying an additional 2,590,530 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Healthpeak Properties by 5.4% in the fourth quarter. Nuveen Asset Management LLC now owns 7,400,886 shares of the real estate investment trust's stock worth $150,016,000 after buying an additional 379,745 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Healthpeak Properties by 15.6% in the fourth quarter. Ameriprise Financial Inc. now owns 6,671,491 shares of the real estate investment trust's stock worth $134,028,000 after buying an additional 902,171 shares during the period. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker acquired 2,930 shares of the business'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 transaction, the chief executive officer owned 210,416 shares in the company, valued at $3,589,696.96. The trade was a 1.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson acquired 5,777 shares of the business's stock in a transaction that occurred on 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 owned 144,290 shares of the company's stock, 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 have purchased 14,560 shares of company stock worth $249,898. Insiders own 0.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on DOC. Wells Fargo & Company decreased 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 report on Monday, June 2nd. Wedbush reduced 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. Evercore ISI reduced 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. Argus reissued a "buy" rating and issued a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Robert W. Baird set a $21.00 price target on shares of Healthpeak Properties and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Healthpeak Properties Stock Up 1.4%

DOC traded up $0.23 during midday trading on Tuesday, hitting $17.00. 8,526,372 shares of the company's stock traded hands, compared to its average volume of 8,000,556. The company has a market cap of $11.81 billion, a PE ratio of 70.84, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The stock's fifty day simple moving average is $17.63 and its 200-day simple moving average is $18.55. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 1.28. Healthpeak Properties, Inc. has a one year low of $16.63 and a one year high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data on Thursday, July 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 $694.35 million for the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

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

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.