Healthpeak Properties, Inc. (NYSE:DOC) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Healthpeak Properties, Inc. (NYSE:DOC) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 241,539 shares of the real estate investment trust’s stock after selling 2,437 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Healthpeak Properties were worth $4,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC raised its position in Healthpeak Properties by 7.2% in the first quarter. Ballentine Partners LLC now owns 17,994 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 1,206 shares in the last quarter. Fortem Financial Group LLC raised its holdings in Healthpeak Properties by 7.6% during the 1st quarter. Fortem Financial Group LLC now owns 52,948 shares of the real estate investment trust’s stock worth $1,071,000 after buying an additional 3,758 shares during the period. Xponance Inc. raised its holdings in Healthpeak Properties by 46.2% during the 1st quarter. Xponance Inc. now owns 146,719 shares of the real estate investment trust’s stock worth $2,967,000 after buying an additional 46,364 shares during the period. Cerity Partners LLC raised its holdings in Healthpeak Properties by 2.0% during the 1st quarter. Cerity Partners LLC now owns 206,076 shares of the real estate investment trust’s stock worth $4,167,000 after buying an additional 3,942 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Healthpeak Properties by 3.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 213,553 shares of the real estate investment trust’s stock worth $4,318,000 after buying an additional 6,670 shares during the period. 93.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DOC. Evercore ISI cut their price objective on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Argus restated a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a report on Tuesday, April 29th. Wedbush dropped their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company dropped their target price on Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, June 2nd. Finally, Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the company an “outperform” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Healthpeak Properties Price Performance

Shares of Healthpeak Properties stock opened at $16.96 on Friday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 70.67, a PEG ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $18.62. Healthpeak Properties, Inc. has a 12-month low of $16.64 and a 12-month high of $23.26.

Healthpeak Properties (NYSE:DOC) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a dividend of $0.1017 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a c) dividend on an annualized basis and a yield of 7.2%. Healthpeak Properties’s dividend payout ratio is presently 508.33%.

Insider Buying and Selling

In other Healthpeak Properties news, Director Tommy G. Thompson acquired 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the transaction, the director owned 144,290 shares of the company’s stock, valued at $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott M. Brinker acquired 1,490 shares of the stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the purchase, the chief executive officer owned 211,906 shares of the company’s stock, valued at $3,566,377.98. The trade was a 0.71% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 14,560 shares of company stock valued at $249,898 in the last ninety days. Company 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.