The Manufacturers Life Insurance Company Trims Position in Healthpeak Properties, Inc. (NYSE:DOC)

The Manufacturers Life Insurance Company decreased its position in Healthpeak Properties, Inc. (NYSE:DOC - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 538,228 shares of the real estate investment trust's stock after selling 32,927 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Healthpeak Properties worth $10,910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DOC. JPMorgan Chase & Co. raised its holdings in shares of Healthpeak Properties by 23.2% during the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust's stock worth $493,115,000 after purchasing an additional 4,056,931 shares during the period. Geode Capital Management LLC lifted its holdings in Healthpeak Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust's stock valued at $371,168,000 after acquiring an additional 638,012 shares during the last quarter. Principal Financial Group Inc. grew its position in Healthpeak Properties by 2,113.5% in the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust's stock worth $367,575,000 after buying an additional 17,314,572 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Healthpeak Properties by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust's stock worth $350,021,000 after purchasing an additional 1,651,235 shares during the period. Finally, Centersquare Investment Management LLC increased its position in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust's stock worth $227,339,000 after acquiring an additional 398,770 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of Healthpeak Properties from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Scotiabank reduced their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Friday, February 28th. StockNews.com lowered Healthpeak Properties from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Robert W. Baird decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Argus reaffirmed a "buy" rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $23.42.

Insider Buying and Selling

In related news, CEO Scott M. Brinker purchased 11,337 shares of the stock in a transaction dated Monday, April 28th. The stock was purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the transaction, the chief executive officer now directly owns 201,863 shares in the company, valued at $3,568,937.84. This trade represents a 5.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Thomas acquired 4,200 shares of Healthpeak Properties stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $17.84 per share, with a total value of $74,928.00. Following the completion of the acquisition, the director now directly owns 813,566 shares in the company, valued at $14,514,017.44. This represents a 0.52 % increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Healthpeak Properties Stock Performance

DOC traded down $0.18 during trading on Wednesday, hitting $17.26. 9,862,825 shares of the company traded hands, compared to its average volume of 4,933,957. The stock's fifty day moving average is $19.26 and its 200 day moving average is $20.35. Healthpeak Properties, Inc. has a one year low of $17.22 and a one year high of $23.26. 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 $11.99 billion, a P/E ratio of 49.31, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The firm had revenue of $702.89 million for the quarter, compared to analysts' expectations of $690.76 million. During the same quarter last year, the firm posted $0.45 EPS. The company's revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 18th were issued a $0.1017 dividend. This represents a yield of 6.5%. The ex-dividend date was Thursday, April 17th. Healthpeak Properties's dividend payout ratio (DPR) is currently 305.00%.

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.