Zurich Insurance Group Ltd FI Sells 598,144 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Zurich Insurance Group Ltd FI reduced its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,185,069 shares of the real estate investment trust's stock after selling 598,144 shares during the period. Zurich Insurance Group Ltd FI owned 0.17% of Healthpeak Properties worth $24,021,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties in the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Healthpeak Properties in the fourth quarter valued at $30,000. Covestor Ltd lifted its holdings in shares of Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,152 shares during the period. Kestra Investment Management LLC acquired a new stake in Healthpeak Properties during the fourth quarter valued at approximately $45,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Healthpeak Properties in the fourth quarter valued at $46,000. 93.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Healthpeak Properties Stock Up 0.2%

Shares of DOC stock traded up $0.04 during trading hours on Monday, hitting $16.86. 5,878,293 shares of the company were exchanged, compared to its average volume of 5,080,581. 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. The business has a 50 day moving average of $18.46 and a two-hundred day moving average of $19.86. The company has a market capitalization of $11.71 billion, a PE ratio of 48.17, a PEG ratio of 2.17 and a beta of 1.05.

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

Insider Buying and Selling

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 2,750 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $17.39 per share, with a total value of $47,822.50. Following the completion of the transaction, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. This represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tommy G. Thompson bought 5,700 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the acquisition, the director now directly owns 138,513 shares in the company, valued at $2,404,585.68. The trade was a 4.29% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 23,987 shares of company stock worth $422,141. 0.23% of the stock is owned by 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.