Comerica Bank Sells 9,943 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Comerica Bank reduced its position in Healthpeak Properties, Inc. (NYSE:DOC) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,665 shares of the real estate investment trust’s stock after selling 9,943 shares during the period. Comerica Bank owned approximately 0.05% of Healthpeak Properties worth $7,594,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC bought a new position in Healthpeak Properties during the 3rd quarter valued at $35,078,000. World Investment Advisors LLC purchased a new position in shares of Healthpeak Properties during the 3rd quarter valued at $291,000. Wilmington Savings Fund Society FSB bought a new position in Healthpeak Properties during the third quarter worth about $125,000. Tidal Investments LLC bought a new position in Healthpeak Properties in the 3rd quarter worth approximately $1,586,000. Finally, Franklin Resources Inc. bought a new position in shares of Healthpeak Properties in the third quarter worth $3,224,000. 93.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Healthpeak Properties news, Director John T. Thomas bought 4,200 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $17.84 per share, with a total value of $74,928.00. Following the completion of the purchase, the director now directly owns 813,566 shares of the company’s stock, valued at $14,514,017.44. This trade represents a 0.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Scott M. Brinker acquired 11,337 shares of the company’s stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $17.68 per share, with a total value of $200,438.16. Following the acquisition, the chief executive officer now owns 201,863 shares in the company, valued at approximately $3,568,937.84. This trade represents a 5.95 % increase in their position. The disclosure for this purchase can be found here. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DOC has been the topic of several analyst reports. Robert W. Baird decreased their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley raised shares of Healthpeak Properties from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Wednesday, January 15th. Scotiabank decreased their price target on shares of Healthpeak Properties from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Argus restated a “buy” rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Finally, Wedbush lowered their price target on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.42.

Healthpeak Properties Price Performance

DOC stock opened at $17.79 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 firm has a market cap of $12.36 billion, a P/E ratio of 50.83, a P/E/G ratio of 2.17 and a beta of 1.02. The firm’s fifty day moving average is $19.37 and its 200 day moving average is $20.42. Healthpeak Properties, Inc. has a 52 week low of $17.33 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, hitting the consensus estimate 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 return on equity of 2.61% and a net margin of 9.00%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Research analysts predict that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current year.

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th were issued a $0.1017 dividend. This represents a dividend yield of 6.5%. The ex-dividend date of this dividend was Thursday, April 17th. Healthpeak Properties’s dividend payout ratio is 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.