Man Group plc Trims Stock Position in Healthpeak Properties, Inc. (NYSE:DOC)

Man Group plc lessened its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 38.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 about 0.22% of Healthpeak Properties worth $30,555,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DOC. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties in the 4th quarter valued at about $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the fourth quarter worth approximately $30,000. Covestor Ltd lifted its holdings in Healthpeak Properties by 173.8% during the fourth quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,152 shares during the period. AdvisorNet Financial Inc boosted its position in Healthpeak Properties by 34.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,193 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 563 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Healthpeak Properties during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Price Performance

Shares of DOC opened at $17.30 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.35 and a quick ratio of 1.35. The company’s fifty day moving average price is $18.83 and its 200-day moving average price is $20.11. Healthpeak Properties, Inc. has a 1-year low of $16.90 and a 1-year high of $23.26. The firm has a market capitalization of $12.02 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The business had revenue of $702.89 million for the quarter, compared to analyst estimates of $690.76 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts predict that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Dividend Announcement

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

Analyst Ratings Changes

DOC has been the subject of a number of analyst reports. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Argus reissued a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wedbush cut their price objective on shares of 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 objective on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research note on Monday. 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 research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.25.

Insider Transactions at Healthpeak Properties

In related news, Director Tommy G. Thompson purchased 5,700 shares of Healthpeak Properties stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the transaction, the director now owns 138,513 shares in the company, valued at $2,404,585.68. The trade was a 4.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the stock in a transaction on Monday, April 28th. The stock was bought at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the transaction, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. This represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 23,987 shares of company stock worth $422,141 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.