Adelante Capital Management LLC Cuts Stock Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Adelante Capital Management LLC trimmed its holdings in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 92.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,052 shares of the real estate investment trust’s stock after selling 321,003 shares during the period. Adelante Capital Management LLC’s holdings in Healthpeak Properties were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Healthpeak Properties by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after buying an additional 4,056,931 shares during the period. Geode Capital Management LLC increased its stake in shares of Healthpeak Properties by 3.6% during the fourth 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 buying an additional 638,012 shares during the period. Principal Financial Group Inc. increased its stake in shares of Healthpeak Properties by 2,113.5% during the fourth quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after buying an additional 17,314,572 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake 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 valued at $350,021,000 after buying an additional 1,651,235 shares during the period. Finally, Centersquare Investment Management LLC increased its stake in shares of Healthpeak Properties by 3.7% during the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock valued at $227,339,000 after buying an additional 398,770 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DOC. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. Robert W. Baird 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 Tuesday. Argus reissued a “buy” rating and set a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday. Scotiabank reduced their target price on Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley upgraded Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and an average price target of $23.42.

Healthpeak Properties Trading Up 0.2 %

Healthpeak Properties stock opened at $17.78 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $19.49 and its two-hundred day simple moving average is $20.51. Healthpeak Properties, Inc. has a 12 month low of $17.33 and a 12 month high of $23.26. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 50.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.02.

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 for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $690.76 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio is currently 305.00%.

Insider Transactions at Healthpeak Properties

In other Healthpeak Properties news, CEO Scott M. Brinker purchased 11,337 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was purchased at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the purchase, the chief executive officer now directly owns 201,863 shares of the company’s stock, valued at $3,568,937.84. This trade represents a 5.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Thomas purchased 4,200 shares of the firm’s stock in a transaction dated 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 purchase, the director now directly owns 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. The trade was a 0.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

Healthpeak Properties 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.