Stifel Financial Corp Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Stifel Financial Corp cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,568 shares of the real estate investment trust's stock after selling 88,405 shares during the period. Stifel Financial Corp's holdings in Healthpeak Properties were worth $6,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AdvisorNet Financial Inc lifted its position in shares of Healthpeak Properties by 34.5% during the fourth quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 563 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Healthpeak Properties by 5.9% during the 4th 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 boosted its position 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 valued at $133,000 after buying an additional 598 shares during the period. Huntington National Bank increased its position in shares of Healthpeak Properties by 3.0% during the fourth 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 period. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Healthpeak Properties by 4.4% in the fourth 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. 93.57% of the stock is owned by hedge funds and other institutional investors.

Healthpeak Properties Stock Performance

DOC stock traded down $0.05 during trading on Monday, hitting $17.76. The company had a trading volume of 819,626 shares, compared to its average volume of 4,898,184. Healthpeak Properties, Inc. has a 1-year low of $17.33 and a 1-year high of $23.26. The firm has a 50-day moving average price of $19.37 and a 200-day moving average price of $20.40. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.34 billion, a PE ratio of 50.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

Healthpeak Properties (NYSE:DOC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate 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 for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were paid a dividend of $0.1017 per share. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, April 17th. Healthpeak Properties's dividend payout ratio (DPR) is 305.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird cut their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday. Morgan Stanley upgraded shares of Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Wednesday, January 15th. 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. Finally, Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.42.

Insider Activity

In other news, Director John T. Thomas purchased 4,200 shares of the firm's stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $17.84 per share, with a total value of $74,928.00. Following the purchase, the director now directly owns 813,566 shares of the company's stock, valued at $14,514,017.44. The trade was a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. This trade represents a 5.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.23% of the company's stock.

Healthpeak Properties 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.