Adelante Capital Management LLC Trims Position in Healthpeak Properties, Inc. (NYSE:DOC)

Adelante Capital Management LLC lessened its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 92.5% in the fourth quarter, Holdings Channel reports. The fund owned 26,052 shares of the real estate investment trust’s stock after selling 321,003 shares during the quarter. Adelante Capital Management LLC’s holdings in Healthpeak Properties were worth $528,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position 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 buying an additional 4,056,931 shares in the last quarter. Diamant Asset Management Inc. purchased a new stake in Healthpeak Properties in the third quarter worth about $564,000. Vert Asset Management LLC increased its position in Healthpeak Properties by 11.1% in the fourth quarter. Vert Asset Management LLC now owns 304,219 shares of the real estate investment trust’s stock worth $6,167,000 after buying an additional 30,461 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Healthpeak Properties by 25.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 109,200 shares of the real estate investment trust’s stock worth $2,213,000 after buying an additional 22,300 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Healthpeak Properties by 16.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,498 shares of the real estate investment trust’s stock worth $2,217,000 after buying an additional 15,753 shares in the last quarter. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Trading Up 0.2 %

Shares of DOC opened at $17.78 on Wednesday. The company’s fifty day moving average is $19.49 and its 200 day moving average is $20.51. Healthpeak Properties, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $23.26. The stock has a market capitalization of $12.44 billion, a PE ratio of 50.80, a P/E/G ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.35 and a current ratio of 1.35.

Healthpeak Properties (NYSE:DOC) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. The company had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a $0.1017 dividend. This represents a yield of 6.5%. The ex-dividend date is Thursday, April 17th. Healthpeak Properties’s dividend payout ratio is presently 305.00%.

Insider Buying and Selling

In other news, Director John T. Thomas acquired 4,200 shares of the business’s stock in a transaction on Monday, April 28th. The shares were acquired at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the transaction, the director now directly owns 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. The trade was a 0.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott M. Brinker acquired 11,337 shares of the business’s stock in a transaction on Monday, April 28th. The shares were purchased 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 directly owns 201,863 shares of the company’s stock, valued at approximately $3,568,937.84. The trade was a 5.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on DOC shares. Argus restated a “buy” rating and issued a $25.00 price target on shares of Healthpeak Properties in a research report on Tuesday. Evercore ISI cut their target price on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 23rd. Robert W. Baird cut their price objective on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Morgan Stanley upgraded shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and a consensus price target of $23.42.

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.