Quadcap Wealth Management LLC Sells 1,937 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Quadcap Wealth Management LLC trimmed its position in shares of Healthpeak Properties, Inc. (NYSE:DOC) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,545 shares of the real estate investment trust’s stock after selling 1,937 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Healthpeak Properties were worth $457,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in Healthpeak Properties by 13.0% during the 4th quarter. Quantinno Capital Management LP now owns 392,467 shares of the real estate investment trust’s stock valued at $7,955,000 after purchasing an additional 45,183 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in Healthpeak Properties during the 4th quarter valued at about $209,000. Nissay Asset Management Corp Japan ADV grew its holdings in Healthpeak Properties by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 186,305 shares of the real estate investment trust’s stock valued at $3,741,000 after purchasing an additional 1,551 shares during the last quarter. Nomura Holdings Inc. bought a new position in Healthpeak Properties during the 4th quarter valued at about $2,113,000. Finally, NorthRock Partners LLC bought a new position in Healthpeak Properties during the 4th quarter valued at about $269,000. 93.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush dropped their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. StockNews.com downgraded shares of Healthpeak Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st. Argus restated a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties in a research note on Tuesday, April 29th. Scotiabank dropped their target price on shares of Healthpeak Properties from $23.00 to $21.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Finally, Robert W. Baird dropped their target price on shares of Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 29th. 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 MarketBeat, Healthpeak Properties presently has a consensus rating of “Moderate Buy” and an average target price of $23.45.

Insider Activity at Healthpeak Properties

In other news, CEO Scott M. Brinker bought 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $17.39 per share, with a total value of $47,822.50. Following the completion of the transaction, the chief executive officer now directly owns 204,613 shares of the company’s stock, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Thomas bought 4,200 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the transaction, the director now directly owns 813,566 shares of the company’s stock, valued at $14,514,017.44. The trade was a 0.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 23,987 shares of company stock valued at $422,141 over the last 90 days. Insiders own 0.23% of the company’s stock.

Healthpeak Properties Price Performance

NYSE DOC 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. The firm’s 50 day moving average price is $18.78 and its 200-day moving average price is $20.08. Healthpeak Properties, Inc. has a 52-week low of $16.90 and a 52-week high of $23.26. The company has a market cap of $12.31 billion, a PE ratio of 50.62, a P/E/G ratio of 2.17 and a beta of 1.05.

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

Healthpeak Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 20th will be given a dividend of $0.1017 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 7.05%. Healthpeak Properties’s 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.