Deutsche Bank AG Reduces Holdings in Healthpeak Properties, Inc. (NYSE:DOC)

Deutsche Bank AG lowered its position in Healthpeak Properties, Inc. (NYSE:DOC) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,459,762 shares of the real estate investment trust’s stock after selling 339,664 shares during the quarter. Deutsche Bank AG’s holdings in Healthpeak Properties were worth $171,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 4,056,931 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Healthpeak Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 18,355,772 shares of the real estate investment trust’s stock valued at $371,168,000 after purchasing an additional 638,012 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Healthpeak Properties by 2,113.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,133,812 shares of the real estate investment trust’s stock valued at $367,575,000 after buying an additional 17,314,572 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Healthpeak Properties by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock worth $350,021,000 after buying an additional 1,651,235 shares in the last quarter. Finally, Centersquare Investment Management LLC increased its stake in shares of Healthpeak Properties by 3.7% in the fourth quarter. Centersquare Investment Management LLC now owns 11,215,516 shares of the real estate investment trust’s stock worth $227,339,000 after buying an additional 398,770 shares during the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DOC shares. Robert W. Baird decreased 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, 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 report on Monday, April 28th. Argus reaffirmed a “buy” rating and set a $25.00 target price on shares of Healthpeak Properties in a report on Tuesday, April 29th. Evercore ISI lowered their price target on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, StockNews.com cut Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.42.

Insider Buying and Selling at Healthpeak Properties

In other Healthpeak Properties news, Director John T. Thomas purchased 4,200 shares of the company’s stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, for a total transaction of $74,928.00. Following the completion of the transaction, the director now owns 813,566 shares in the company, valued at $14,514,017.44. The trade was a 0.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott M. Brinker acquired 11,337 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $17.68 per share, for a total transaction of $200,438.16. Following the purchase, the chief executive officer now directly owns 201,863 shares in the company, 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 corporate insiders.

Healthpeak Properties Trading Up 0.6 %

Shares of DOC stock opened at $17.50 on Friday. Healthpeak Properties, Inc. has a 1 year low of $17.21 and a 1 year high of $23.26. The firm has a market capitalization of $12.16 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The stock has a fifty day moving average of $19.08 and a two-hundred day moving average of $20.26. 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 released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. Healthpeak Properties had a net margin of 9.00% and a return on equity of 2.61%. Healthpeak Properties’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. 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 announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th were given a $0.1017 dividend. The ex-dividend date was Thursday, April 17th. This represents a yield of 6.5%. Healthpeak Properties’s dividend payout ratio (DPR) 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.