Zurich Insurance Group Ltd FI Sells 598,144 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Zurich Insurance Group Ltd FI lowered its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 33.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,185,069 shares of the real estate investment trust’s stock after selling 598,144 shares during the quarter. Zurich Insurance Group Ltd FI owned 0.17% of Healthpeak Properties worth $24,021,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Mizuho Bank Ltd. bought a new stake in shares of Healthpeak Properties during the fourth quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties in the 4th quarter worth $30,000. Covestor Ltd grew its position in Healthpeak Properties by 173.8% in the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,152 shares during the period. Kestra Investment Management LLC bought a new stake in Healthpeak Properties during the 4th quarter valued at $45,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Healthpeak Properties during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 93.57% of the company’s stock.

Insider Buying and Selling

In other news, Director Tommy G. Thompson purchased 5,700 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $17.36 per share, with a total value of $98,952.00. Following the transaction, the director now directly owns 138,513 shares of the company’s stock, valued at approximately $2,404,585.68. This represents a 4.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott M. Brinker purchased 11,337 shares of the business’s stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $17.68 per share, with a total value of $200,438.16. Following the purchase, 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 23,987 shares of company stock worth $422,141. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Scotiabank dropped their price target on shares of 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. Argus reiterated a “buy” rating and set a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Evercore ISI lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Robert W. Baird 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 Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.45.

Healthpeak Properties Price Performance

Shares of NYSE DOC opened at $17.49 on Wednesday. The company has a market capitalization of $12.15 billion, a PE ratio of 49.97, a PEG ratio of 2.17 and a beta of 1.05. 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 stock’s 50 day moving average price is $18.68 and its 200-day moving average price is $19.99. Healthpeak Properties, Inc. has a twelve month low of $16.90 and a twelve month high of $23.26.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates 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 2.61% and a net margin of 9.00%. Healthpeak Properties’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties’s payout ratio 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.