Lee Danner & Bass Inc. Sells 5,725 Shares of Healthpeak Properties, Inc. (NYSE:DOC)

Lee Danner & Bass Inc. trimmed its position in Healthpeak Properties, Inc. (NYSE:DOC) by 11.3% during the first quarter, HoldingsChannel.com reports. The fund owned 44,962 shares of the real estate investment trust’s stock after selling 5,725 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Healthpeak Properties were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Mizuho Bank Ltd. bought a new position in shares of Healthpeak Properties in the 4th quarter valued at $28,000. Harvest Fund Management Co. Ltd bought a new position in Healthpeak Properties in the fourth quarter valued at about $30,000. Future Financial Wealth Managment LLC acquired a new position in Healthpeak Properties during the 1st quarter worth approximately $30,000. S.A. Mason LLC increased its position in Healthpeak Properties by 160.9% during the 1st quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares in the last quarter. Finally, Covestor Ltd increased its position in Healthpeak Properties by 173.8% during the 4th quarter. Covestor Ltd now owns 1,815 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,152 shares in the last quarter. 93.57% of the stock is owned by institutional investors.

Insider Transactions at Healthpeak Properties

In related news, Director John T. Thomas acquired 4,200 shares of the firm’s stock in a transaction on Monday, April 28th. The stock was purchased at an average cost of $17.84 per share, with a total value of $74,928.00. Following the acquisition, the director owned 813,566 shares of the company’s stock, valued at approximately $14,514,017.44. This trade represents a 0.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott M. Brinker purchased 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $17.39 per share, with a total value of $47,822.50. Following the acquisition, the chief executive officer directly owned 204,613 shares of the company’s stock, valued at $3,558,220.07. This represents a 1.36% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 29,764 shares of company stock valued at $521,909 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Healthpeak Properties Stock Performance

Shares of Healthpeak Properties stock opened at $18.25 on Friday. Healthpeak Properties, Inc. has a one year low of $16.64 and a one year high of $23.26. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.08 and a beta of 1.03. The business has a 50-day simple moving average of $17.42 and a 200 day simple moving average of $19.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.35 and a quick ratio of 1.35.

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, meeting the consensus estimate of $0.46. The firm had revenue of $702.89 million during the quarter, compared to the consensus estimate of $690.76 million. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, research analysts anticipate that Healthpeak Properties, Inc. will post 1.86 earnings per share for the current fiscal year.

Healthpeak Properties Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.1017 per share. This represents a dividend yield of 7.05%. The ex-dividend date was Monday, May 19th. Healthpeak Properties’s payout ratio is presently 305.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Robert W. Baird lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Argus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Healthpeak Properties 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 research note on Monday, April 28th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.27.

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.