Frank Rimerman Advisors LLC Has $494,000 Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Frank Rimerman Advisors LLC decreased its stake in Healthpeak Properties, Inc. (NYSE:DOCFree Report) by 17.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,428 shares of the real estate investment trust’s stock after selling 5,017 shares during the period. Frank Rimerman Advisors LLC’s holdings in Healthpeak Properties were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DOC. Resolution Capital Ltd bought a new position in Healthpeak Properties in the 4th quarter valued at $122,795,000. Long Pond Capital LP bought a new stake in Healthpeak Properties in the fourth quarter valued at about $86,885,000. Northern Trust Corp increased its holdings in Healthpeak Properties by 32.6% in the fourth quarter. Northern Trust Corp now owns 10,526,223 shares of the real estate investment trust’s stock valued at $213,367,000 after purchasing an additional 2,590,530 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in Healthpeak Properties by 18.5% in the first quarter. Centersquare Investment Management LLC now owns 13,285,932 shares of the real estate investment trust’s stock valued at $268,642,000 after purchasing an additional 2,070,416 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Healthpeak Properties by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 17,267,917 shares of the real estate investment trust’s stock valued at $350,021,000 after purchasing an additional 1,651,235 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Healthpeak Properties Stock Performance

NYSE DOC opened at $16.96 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. Healthpeak Properties, Inc. has a twelve month low of $16.64 and a twelve month high of $23.26. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 70.67, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The business’s fifty day moving average is $17.65 and its 200 day moving average is $18.59.

Healthpeak Properties (NYSE:DOCGet Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $694.35 million during the quarter, compared to analyst estimates of $697.14 million. Healthpeak Properties had a return on equity of 1.85% and a net margin of 5.90%. Healthpeak Properties’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. As a group, sell-side analysts expect that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.1017 dividend. The ex-dividend date is Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 7.2%. Healthpeak Properties’s dividend payout ratio (DPR) is currently 508.33%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DOC shares. Wall Street Zen downgraded Healthpeak Properties from a “hold” rating to a “sell” rating in a report on Monday, July 7th. Argus reaffirmed a “buy” rating and set a $25.00 price objective on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, June 2nd. Evercore ISI reduced their price objective on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird set a $21.00 target price on Healthpeak Properties and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthpeak Properties has a consensus rating of “Moderate Buy” and an average target price of $23.00.

View Our Latest Stock Analysis on DOC

Insider Activity

In related news, CEO Scott M. Brinker purchased 1,490 shares of the business’s stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $16.83 per share, for a total transaction of $25,076.70. Following the purchase, the chief executive officer owned 211,906 shares of the company’s stock, valued at approximately $3,566,377.98. This trade represents a 0.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tommy G. Thompson bought 5,777 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was acquired at an average price of $17.27 per share, for a total transaction of $99,768.79. Following the purchase, the director directly owned 144,290 shares in the company, valued at approximately $2,491,888.30. The trade was a 4.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,560 shares of company stock valued at $249,898. 0.23% of the stock is currently owned by company insiders.

Healthpeak Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Healthpeak Properties (NYSE:DOC)

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