Vident Advisory LLC Sells 24,634 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Vident Advisory LLC cut its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,790 shares of the real estate investment trust's stock after selling 24,634 shares during the quarter. Vident Advisory LLC's holdings in Healthpeak Properties were worth $1,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DOC. Townsquare Capital LLC increased its position in shares of Healthpeak Properties by 5.9% in the 4th quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock valued at $212,000 after purchasing an additional 584 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Healthpeak Properties by 10.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 6,560 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 598 shares during the last quarter. Huntington National Bank increased its position in shares of Healthpeak Properties by 3.0% in the 4th quarter. Huntington National Bank now owns 20,843 shares of the real estate investment trust's stock valued at $422,000 after purchasing an additional 613 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Healthpeak Properties by 4.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,649 shares of the real estate investment trust's stock valued at $337,000 after purchasing an additional 700 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Healthpeak Properties by 3.9% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 21,002 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 797 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOC has been the topic of a number of recent analyst reports. 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 research report on Monday, April 28th. Wedbush dropped their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Robert W. Baird dropped their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Argus reaffirmed a "buy" rating and issued a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Scotiabank dropped 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 research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of "Moderate Buy" and an average target price of $23.45.

Healthpeak Properties Stock Performance

Shares of DOC stock traded down $0.23 during mid-day trading on Wednesday, hitting $17.13. The stock had a trading volume of 1,699,039 shares, compared to its average volume of 5,074,138. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick 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 50-day simple moving average is $18.33 and its 200-day simple moving average is $19.80. The firm has a market cap of $11.90 billion, a PE ratio of 49.02, a PEG ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last posted its quarterly earnings data on Thursday, April 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 9.00% and a return on equity of 2.61%. The business had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The company's revenue was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be paid a $0.1017 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio (DPR) is presently 305.00%.

Insider Buying and Selling at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 11,337 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Thomas purchased 4,200 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director now owns 813,566 shares of the company's stock, valued at $14,514,017.44. This trade represents a 0.52% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 23,987 shares of company stock worth $422,141 in the last ninety days. 0.23% of the stock is owned by insiders.

Healthpeak Properties Company 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.