Healthpeak Properties, Inc. (NYSE:DOC) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 33.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,644 shares of the real estate investment trust’s stock after selling 6,950 shares during the period. OneDigital Investment Advisors LLC’s holdings in Healthpeak Properties were worth $276,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Healthpeak Properties during the 4th quarter worth about $166,804,000. Resolution Capital Ltd acquired a new position in Healthpeak Properties during the 4th quarter worth approximately $122,795,000. Long Pond Capital LP acquired a new position in Healthpeak Properties during the 4th quarter worth approximately $86,885,000. Northern Trust Corp lifted its position in Healthpeak Properties by 32.6% during the 4th quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust’s stock worth $213,367,000 after acquiring an additional 2,590,530 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in Healthpeak Properties by 56,120.9% during the 4th quarter. National Bank of Canada FI now owns 1,686,065 shares of the real estate investment trust’s stock worth $34,181,000 after acquiring an additional 1,683,066 shares in the last quarter. 93.57% of the stock is owned by institutional investors and hedge funds.

Healthpeak Properties Stock Performance

Shares of DOC opened at $18.44 on Friday. The business’s 50 day moving average is $17.47 and its two-hundred day moving average is $18.96. Healthpeak Properties, Inc. has a 52-week low of $16.64 and a 52-week high of $23.26. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 2.10 and a beta of 1.03. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $0.1017 per share. This represents a $1.22 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Friday, September 19th. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen lowered Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. Evercore ISI reduced their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wedbush reduced their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Scotiabank reduced their price target on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird reduced their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.27.

Insider Activity at Healthpeak Properties

In other news, Director Tommy G. Thompson purchased 5,777 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average cost of $17.27 per share, with a total value of $99,768.79. Following the transaction, the director owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott M. Brinker bought 2,750 shares of the company’s stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the transaction, the chief executive officer directly owned 204,613 shares of the company’s stock, valued at $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 29,764 shares of company stock valued at $521,909. Corporate insiders own 0.23% of the company’s stock.

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.