Clean Yield Group Decreases Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Clean Yield Group lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 2.8% in the first quarter, Holdings Channel reports. The fund owned 254,324 shares of the real estate investment trust’s stock after selling 7,396 shares during the period. Healthpeak Properties makes up approximately 1.7% of Clean Yield Group’s portfolio, making the stock its 17th biggest holding. Clean Yield Group’s holdings in Healthpeak Properties were worth $5,142,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Healthpeak Properties by 23.2% in the third quarter. JPMorgan Chase & Co. now owns 21,561,640 shares of the real estate investment trust’s stock worth $493,115,000 after acquiring an additional 4,056,931 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 worth $371,168,000 after purchasing an additional 638,012 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 worth $367,575,000 after purchasing an additional 17,314,572 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in 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 worth $350,021,000 after purchasing an additional 1,651,235 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in 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 worth $227,339,000 after purchasing an additional 398,770 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DOC. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Robert W. Baird cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Evercore ISI cut their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Argus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Finally, Wedbush cut their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties currently has a consensus rating of “Moderate Buy” and an average target price of $23.27.

Insiders Place Their Bets

In related news, Director John T. Thomas bought 4,200 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the transaction, the director now owns 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott M. Brinker bought 11,337 shares of the firm’s stock in a transaction on Monday, April 28th. The shares were bought at an average price of $17.68 per share, for a total transaction of $200,438.16. Following the completion of the transaction, the chief executive officer now directly 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. In the last ninety days, insiders have purchased 29,764 shares of company stock worth $521,909. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of DOC opened at $17.27 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $12.00 billion, a P/E ratio of 49.34, a P/E/G ratio of 2.17 and a beta of 1.04. The company’s fifty day moving average is $17.86 and its two-hundred day moving average is $19.57. Healthpeak Properties, Inc. has a 1 year low of $16.64 and a 1 year high of $23.26.

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 (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, sell-side analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.1017 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties’s payout ratio is currently 305.00%.

Healthpeak Properties Company 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.