Lasalle Investment Management Securities LLC Trims Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Lasalle Investment Management Securities LLC decreased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 86.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,465 shares of the real estate investment trust's stock after selling 3,062,026 shares during the quarter. Lasalle Investment Management Securities LLC owned 0.07% of Healthpeak Properties worth $9,354,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DOC. Mizuho Bank Ltd. purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth $28,000. Harvest Fund Management Co. Ltd purchased a new stake in Healthpeak Properties during the 4th quarter worth about $30,000. Covestor Ltd boosted its position 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 in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Healthpeak Properties by 34.5% in the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 563 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Healthpeak Properties during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 93.57% of the company's stock.

Healthpeak Properties Price Performance

NYSE:DOC traded down $0.87 during trading hours on Friday, hitting $17.94. The company's stock had a trading volume of 7,261,015 shares, compared to its average volume of 4,906,908. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. Healthpeak Properties, Inc. has a 52-week low of $17.33 and a 52-week high of $23.26. The company has a market capitalization of $12.55 billion, a PE ratio of 51.15, a PEG ratio of 2.17 and a beta of 1.02. The business's 50-day moving average is $19.60 and its two-hundred day moving average is $20.60.

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, hitting the consensus estimate 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%. As a group, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be given a dividend of $0.1017 per share. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties's payout ratio is currently 348.57%.

Analyst Ratings Changes

DOC has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $24.00 price target on shares of Healthpeak Properties in a report on Friday, April 11th. Scotiabank dropped their target price on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. StockNews.com cut shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a research report on Wednesday. Robert W. Baird dropped their price objective on Healthpeak Properties from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Morgan Stanley raised Healthpeak Properties from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.83.

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.