Healthpeak Properties, Inc. (NYSE:DOC) Holdings Decreased by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,141 shares of the real estate investment trust’s stock after selling 1,550 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Healthpeak Properties were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Lighthouse Investment Partners LLC increased its holdings in shares of Healthpeak Properties by 26.3% in the 4th quarter. Lighthouse Investment Partners LLC now owns 840,000 shares of the real estate investment trust’s stock valued at $17,027,000 after acquiring an additional 175,000 shares during the last quarter. Janus Henderson Group PLC grew its stake in Healthpeak Properties by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 79,403 shares of the real estate investment trust’s stock worth $1,611,000 after buying an additional 1,603 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in Healthpeak Properties by 42.3% during the 4th quarter. Hudson Bay Capital Management LP now owns 839,518 shares of the real estate investment trust’s stock worth $17,017,000 after buying an additional 249,635 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Healthpeak Properties by 1.6% during the 4th quarter. Ensign Peak Advisors Inc now owns 223,148 shares of the real estate investment trust’s stock worth $4,523,000 after buying an additional 3,409 shares during the last quarter. Finally, Ethic Inc. grew its stake in Healthpeak Properties by 56.4% during the 4th quarter. Ethic Inc. now owns 100,503 shares of the real estate investment trust’s stock worth $2,037,000 after buying an additional 36,253 shares during the last quarter. 93.57% of the stock is currently owned by institutional investors.

Healthpeak Properties Trading Up 2.3%

Shares of DOC stock opened at $17.72 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. Healthpeak Properties, Inc. has a 1 year low of $16.90 and a 1 year high of $23.26. The stock has a fifty day moving average of $18.78 and a two-hundred day moving average of $20.06. The firm has a market capitalization of $12.31 billion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 2.61% and a net margin of 9.00%. The company had revenue of $702.89 million during the quarter, compared to analyst estimates of $690.76 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current year.

Healthpeak Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th will be issued a $0.1017 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties’s dividend payout ratio (DPR) is 305.00%.

Analyst Ratings Changes

DOC has been the subject of a number of recent research reports. Scotiabank lowered their price objective on Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Argus restated a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Robert W. Baird lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Wedbush lowered their price objective on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, StockNews.com downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.45.

Insider Activity

In other news, Director John T. Thomas acquired 4,200 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the acquisition, the director now directly owns 813,566 shares in the company, valued at $14,514,017.44. This represents a 0.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott M. Brinker acquired 2,750 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer now owns 204,613 shares of the company’s stock, valued at approximately $3,558,220.07. This trade represents a 1.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 23,987 shares of company stock worth $422,141 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.