Rafferty Asset Management LLC Sells 8,009 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Rafferty Asset Management LLC cut its stake in Healthpeak Properties, Inc. (NYSE:DOC) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,031 shares of the real estate investment trust’s stock after selling 8,009 shares during the quarter. Rafferty Asset Management LLC’s holdings in Healthpeak Properties were worth $1,865,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $30,000. Covestor Ltd raised its position in shares of Healthpeak Properties by 173.8% in the fourth 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 position in shares of Healthpeak Properties in the fourth quarter valued at about $45,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Healthpeak Properties in the fourth quarter valued at about $46,000. 93.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DOC shares. Robert W. Baird dropped 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 Tuesday, April 29th. Argus restated a “buy” rating and issued a $25.00 price target on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Scotiabank decreased 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 note on Monday, May 12th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Finally, Wedbush decreased their price target on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Healthpeak Properties presently has an average rating of “Moderate Buy” and a consensus target price of $23.45.

Healthpeak Properties Trading Down 1.3%

Shares of Healthpeak Properties stock opened at $17.49 on Wednesday. The company has a market capitalization of $12.15 billion, a price-to-earnings 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. Healthpeak Properties, Inc. has a 12-month low of $16.90 and a 12-month high of $23.26. The firm’s 50-day moving average price is $18.68 and its two-hundred day moving average price is $19.99.

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, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $702.89 million for the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, analysts forecast that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th will be paid 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 305.00%.

Insiders Place Their Bets

In other news, Director Tommy G. Thompson acquired 5,700 shares of Healthpeak Properties stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $17.36 per share, for a total transaction of $98,952.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Scott M. Brinker bought 2,750 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer now directly owns 204,613 shares of the company’s stock, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 23,987 shares of company stock worth $422,141 over the last ninety days. Corporate 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.