Man Group plc Sells 953,071 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Man Group plc trimmed its position in shares of Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 38.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,507,377 shares of the real estate investment trust's stock after selling 953,071 shares during the period. Man Group plc owned 0.22% of Healthpeak Properties worth $30,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DOC. JPMorgan Chase & Co. boosted its position in shares of Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock valued at $493,115,000 after acquiring an additional 4,056,931 shares during the period. Vert Asset Management LLC increased its stake in shares of Healthpeak Properties by 11.1% in the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust's stock valued at $6,167,000 after buying an additional 30,461 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust's stock valued at $2,213,000 after acquiring an additional 22,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust's stock valued at $2,217,000 after acquiring an additional 15,753 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Healthpeak Properties during the 3rd quarter valued at $3,224,000. 93.57% of the stock is owned by institutional investors.

Healthpeak Properties Stock Down 0.1%

Shares of NYSE:DOC traded down $0.01 during trading on Monday, hitting $17.72. The company's stock had a trading volume of 5,908,670 shares, compared to its average volume of 5,009,337. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50 day moving average price of $18.73 and a two-hundred day moving average price of $20.01. The company has a market capitalization of $12.31 billion, a PE ratio of 50.63, a P/E/G ratio of 2.17 and a beta of 1.05. Healthpeak Properties, Inc. has a fifty-two week low of $16.90 and a fifty-two week high of $23.26.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $690.76 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be issued a $0.1017 dividend. The ex-dividend date is Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties's dividend payout ratio is currently 305.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DOC shares. Argus reissued a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wedbush reduced their target price on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. StockNews.com lowered shares of Healthpeak Properties from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Robert W. Baird lowered their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Evercore ISI lowered their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.45.

Insider Transactions at Healthpeak Properties

In related news, Director John T. Thomas purchased 4,200 shares of Healthpeak Properties stock in a transaction on Monday, April 28th. The stock was purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director now directly owns 813,566 shares in the company, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Scott M. Brinker purchased 2,750 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $17.39 per share, with a total value of $47,822.50. Following the completion of the acquisition, the chief executive officer now directly owns 204,613 shares in the company, valued at $3,558,220.07. The trade was a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 23,987 shares of company stock valued at $422,141. Insiders own 0.23% of the company's stock.

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.