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

Vident Advisory LLC decreased its position in 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 and Exchange Commission (SEC). The institutional investor owned 87,790 shares of the real estate investment trust's stock after selling 24,634 shares during the period. Vident Advisory LLC's holdings in Healthpeak Properties were worth $1,780,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC lifted its stake in shares of Healthpeak Properties by 5.9% in the fourth quarter. Townsquare Capital LLC now owns 10,461 shares of the real estate investment trust's stock worth $212,000 after buying an additional 584 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in 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 worth $133,000 after acquiring an additional 598 shares during the last quarter. Huntington National Bank raised its holdings in 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 worth $422,000 after acquiring an additional 613 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in 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 acquiring an additional 700 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Healthpeak Properties by 3.9% during 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 owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

DOC stock traded up $0.55 during midday trading on Tuesday, reaching $17.39. 3,780,238 shares of the company's stock traded hands, compared to its average volume of 5,076,160. The stock's 50-day moving average is $18.39 and its 200 day moving average is $19.82. The stock has a market cap of $12.08 billion, a P/E ratio of 49.67, a PEG ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.00% and a return on equity of 2.61%. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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 dividend of $0.1017 per share. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties's dividend payout ratio (DPR) is presently 305.00%.

Analyst Ratings Changes

DOC has been the topic of a number of research analyst reports. Wedbush lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Argus restated a "buy" rating and set a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Scotiabank decreased their price objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Finally, Evercore ISI lowered 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Healthpeak Properties has a consensus rating of "Moderate Buy" and an average target price of $23.45.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction on Monday, April 28th. The shares were acquired at an average price of $17.68 per share, with a total value of $200,438.16. Following the completion of the acquisition, the chief executive officer now directly owns 201,863 shares of the company's stock, valued at $3,568,937.84. This trade represents a 5.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tommy G. Thompson acquired 5,700 shares of Healthpeak Properties stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $17.36 per share, with a total value of $98,952.00. Following the completion of the purchase, the director now owns 138,513 shares of the company's stock, valued at approximately $2,404,585.68. This represents a 4.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 23,987 shares of company stock worth $422,141. 0.23% of the stock is owned by company 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.