Private Trust Co. NA Sells 2,787 Shares of Healthpeak Properties, Inc. $DOC

Private Trust Co. NA cut its stake in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 27.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,226 shares of the real estate investment trust’s stock after selling 2,787 shares during the quarter. Private Trust Co. NA’s holdings in Healthpeak Properties were worth $127,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its position in shares of Healthpeak Properties by 2.4% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 22,811 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 543 shares in the last quarter. Applied Finance Capital Management LLC raised its stake in shares of Healthpeak Properties by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 17,648 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 577 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its holdings in shares of Healthpeak Properties by 3.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 666 shares in the last quarter. LRI Investments LLC grew its position in Healthpeak Properties by 18.4% during the 2nd quarter. LRI Investments LLC now owns 4,481 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 697 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Healthpeak Properties by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,146 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Healthpeak Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald started coverage on shares of Healthpeak Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price target on the stock. Wall Street Zen cut shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 7th. Wells Fargo & Company reduced their target price on shares of Healthpeak Properties from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Finally, Morgan Stanley decreased their price target on shares of Healthpeak Properties from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Healthpeak Properties currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Healthpeak Properties Stock Performance

Healthpeak Properties stock opened at $18.60 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a 1 year low of $16.63 and a 1 year high of $23.26. The company has a market cap of $12.92 billion, a PE ratio of 77.48, a PEG ratio of 3.17 and a beta of 1.09. The company’s 50-day moving average is $18.26 and its two-hundred day moving average is $17.90.

Healthpeak Properties (NYSE:DOC) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $694.35 million during the quarter, compared to analysts’ expectations of $697.14 million. Healthpeak Properties had a net margin of 5.90% and a return on equity of 1.85%. Healthpeak Properties’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Equities analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 19th will be given a dividend of $0.1017 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 6.6%. Healthpeak Properties’s payout ratio is presently 508.33%.

Insider Activity at Healthpeak Properties

In related news, CEO Scott M. Brinker purchased 1,490 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were bought at an average price of $16.83 per share, with a total value of $25,076.70. Following the purchase, the chief executive officer directly owned 211,906 shares in the company, valued at $3,566,377.98. This trade represents a 0.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have acquired 8,783 shares of company stock worth $150,129. 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.